Wage Price Index

  • Q1 2021

    May 19, 2021

    The Wage Price Index increased a seasonally adjusted 0.6% in Q1 2021, slightly more the 0.5% envisaged by the market consensus.

    Annual wage growth picked up to 1.5% from 1.4% in the previous quarter.

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  • Q4 2020

    February 24, 2021

    The Wage Price Index, measuring total hourly rates of pay (excluding bonuses), rose a seasonally adjusted 0.6% in Q4 2020.

    This was more than the 0.3% expected by market participants and followed a 0.1% increase in Q3 2020.

    Annual wage growth was unchanged at a record low of 1.4%.

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  • Q3 Quarter 2020

    November 18, 2020

    The Wage Price Index, rose a seasonally adjusted 0.1% in Q3 2020 (exp. 0.2%) with annual growth falling to a fresh record low of 1.4%.

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  • Q2 2020

    August 12, 2020

    Seasonally-adjusted growth in the wage price index slowed to 0.2% in Q2 2020 from 0.5% in the previous quarter. This was the slowest growth on record.

    Wages increased mainly in the public sector. In the private sector, wages ticked up by just 0.1% in seasonally-adjusted terms.

    In Western Australia, wage growth decelerated slightly in the quarter, yet was the slowest of all states through the year.

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  • March Quarter 2020

    May 13, 2020

    Wages grew in line with expectations in Q1 2020.

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  • December Quarter 2019

    February 19, 2020

    The Wage Price Index, measuring total hourly rates of pay (ex bonuses), rose a seasonally adjusted 0.5% in Q4 2019, in line with expectations and at the same pace as in the previous quarter.

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  • September Quarter 2019

    November 13, 2019

    The Wage Price Index, measuring total hourly rates of pay (excluding bonuses), rose a seasonally adjusted 0.5% in Q3. Annual wages growth slipped 0.2ppt to 2.2% YoY.

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