Wages

The wage price index, measuring total hourly rates of pay excluding bonuses, rose a seasonally adjusted 0.9% in Q1 2025 (mkt exp 0.8%), the fastest quarterly rise since Q4 2023.

The wage price index increased by a seasonally adjusted 0.7% in Q4 2024, slightly less than the 0.9% expected by markets and the least since Q1 2022. The annual rate of wages growth decelerated to 3.2%, the weakest in over two years.

The wage price index, measuring total hourly rates of pay excluding bonuses, increased a seasonally adjusted 0.8% in Q3 2024, slightly less than the 0.9% expected by market participants. The annual rate of wages growth decelerated to 3.5% (mkt exp. 3.6%), which is the slowest since Q4 2022.

The Wage Price Index, measuring total hourly rates of pay excluding bonuses, increased a seasonally adjusted 0.8% in Q2 2024 (exp 0.9%). The Q1 gain was revised up to 0.9% from the original estimate of 0.8%. The annual rate of wages growth was steady at 4.1%.

The Wage Price Index, measuring total hourly rates of pay excluding bonuses, increased a seasonally adjusted 0.8% in Q1 2024, somewhat less than the 0.9% expected by the markets.

The wage price index increased a seasonally adjusted 0.9% in Q4 2023, in line with market expectations. The annual rate of wages growth accelerated 0.1ppts to 4.2%, from the upwardly revised 4.1% in the previous quarter. Western Australian wages increased 0.8% in Q4 2023, to be up 4.7% through the year, the second strongest annual increase of all states.