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Wage Price Index

  • March Quarter 2017

    The Wage Price Index, measuring total hourly rates of pay (excluding bonuses), rose a seasonally adjusted 0.5% in Q1, in line with WATC’s forecast and the market forecast of 0.5% growth. This follows a 0.5% rise in Q4. Annual wages growth remains at a record low of 1.9% YoY. Public sector wages growth was 0.6% for the fourth quarter in a row with annual growth at 2.4% YoY. Private sector wages growth rose slightly to 0.5%, to be up 1.8% YoY, steady from Q4. [Download PDF]

  • December Quarter 2016

    The Wage Price Index, measuring total hourly rates of pay (excluding bonuses), rose a seasonally adjusted 0.5% in Q4, above WATC’s forecast of 0.4% and in line with the market forecast of 0.5% growth. This follows a 0.4% rise in Q3. Annual wages growth remains at a record low of 1.9% YoY. [Download PDF]

  • September Quarter 2016

    The Wage Price Index, measuring total hourly rates of pay (excluding bonuses), rose a seasonally adjusted 0.4% in Q3, below WATC’s and the market forecast of 0.5% growth, and followed a 0.5% rise in Q2. Annual wages growth fell to a new record low of 1.9%. [Download PDF]

  • June Quarter 2016

    The Wage Price Index, which measures total hourly rates of pay excluding bonuses, increased a seasonally adjusted 0.5% in Q2 (WATC +0.5%, market consensus +0.5%), following a revised 0.5% rise in Q1 (originally +0.4%). Annual growth remained at a record low of 2.1%. [Download PDF]

  • March Quarter 2016

    The Wage Price Index, which measures total hourly rates of pay excluding bonuses, increased a seasonally adjusted 0.4% in Q1 (WATC +0.5%, market consensus +0.5%), following a 0.5% rise in Q4 2015. Annual growth fell back 0.1ppt to a fresh record low of 2.1%. [Download PDF]

  • December Quarter 2015

    The Wage Price Index, which measures total hourly rates of pay excluding bonuses, increased a seasonally adjusted 0.5% in Q4 (WATC +0.6%, market consensus +0.6%), following a 0.6% rise in Q3 2015. Annual growth fell back 0.1ppt to a fresh record low of 2.2%. The public sector wages growth increased to +0.5% in Q4, following +0.8% in Q3 (2.6% YOY), while private sector wages growth was also +0.5%, as it was in Q3 (2.0% YOY). [Download PDF]

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