Wage Price Index

  • Q1 2022

    May 18, 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.

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  • Q4 2021

    February 23, 2020

    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.

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  • Q3 2021

    November 17, 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%.

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  • Q2 2021

    August 18, 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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  • 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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  • 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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