Wage Price Index
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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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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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March Quarter 2020
May 13, 2020 Wages grew in line with expectations in Q1 2020.
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