Wage price indices measure changes in wages and salaries (excluding bonuses) for employee jobs within a representative sample unaffected by changes in work quality or quantity. This note looks at the most recent quarterly and annual changes in domestic wage price indices for individual industries and states.
- 22 Feb 2023 Wages - Q4 2022
The Wage Price Index, measuring total hourly rates of pay excluding bonuses, increased a seasonally adjusted 0.8% in Q4 2022, slower than the 1.0% rise expected by the markets and less than the 1.1% recorded in the previous quarter. The Q4 increase took the annual growth rate to 3.3%, which is the highest since Q4 2012. Private sector wage growth decelerated to 0.8% QoQ and 3.6% YoY.
- 16 Nov 2022 Wages - Q3 2022
The Wage Price Index, measuring total hourly rates of pay excluding bonuses, increased a seasonally adjusted 1.0% in Q3 2022, accelerating from previous quarters. Private sector wage growth accelerated to 1.2% QoQ and 3.4% YoY, the fastest since Q4 2012. Western Australian private wages growth accelerated 0.7ppts to 1.7% QoQ, to be 3.8% up through the year.
- 17 Aug 2022 Wages - Q2 2022
The wage price index, measuring total hourly rates of pay excluding bonuses, increased a seasonally adjusted 0.7% in Q2 2022, lower than market expectations for a 0.8% rise and at the same pace as in the previous two quarters. The Q2 increase took the annual growth rate to 2.6%, which is the fastest since Q3 2014.
- 18 May 2022 Wages - Q1 2022
The wage price index increased a seasonally adjusted 0.7% in Q1 2022, in line with the market expectations and at the same pace as the previous quarter. The Q1 increase took the annual growth rate to 2.4%, against 2.3% in the previous quarter.
- 23 Feb 2022 Wages - Q4 2021
The Wage Price Index, measuring total hourly rates of pay excluding bonuses, increased a seasonally adjusted 0.7% in Q4 2021, as expected. This was the fastest quarterly growth since March 2014. Annual wage growth accelerated to 2.3%, the most since June 2019.
- 17 Nov 2021 Wages - Q3 2021
The Wage Price Index, measuring total hourly rates of pay excluding bonuses, increased a seasonally adjusted 0.6% in Q3 2021, as expected. This was faster than the 0.4% recorded in Q2 and saw annual wage inflation pick up to 2.2% from 1.7%.
- 18 Aug 2021 Wages - Q2 2021
The Wage Price Index increased a seasonally adjusted 0.4% in Q2 2021. This was slower than the 0.6% recorded in the previous quarter and came against the market expectations that growth would again be 0.6%.
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