AU Wage Price Index q/q
It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer;
Source changed series calculation formula as of November 2003;
- AU Wage Price Index q/q Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Aug 12, 2024 | 0.8% | 0.9% | 0.9% |
| May 14, 2024 | 0.8% | 0.9% | 1.0% |
| Feb 20, 2024 | 0.9% | 0.9% | 1.3% |
| Nov 14, 2023 | 1.3% | 1.3% | 0.9% |
| Aug 14, 2023 | 0.8% | 0.9% | 0.8% |
| May 16, 2023 | 0.8% | 0.9% | 0.8% |
| Feb 21, 2023 | 0.8% | 1.0% | 1.1% |
| Nov 15, 2022 | 1.0% | 0.9% | 0.8% |
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- AU Wage Price Index q/q News
From abs.gov.au|Aug 12, 2024The seasonally adjusted WPI rose 0.8% this quarter and 4.1% over the year. The private sector rose 0.7% and the public sector rose 0.9%, seasonally adjusted, for the quarter. In original terms, the largest industry contributors to quarterly wages growth were Professional, scientific and technical services (0.7%), Public administration and safety (1.0%), and Construction (0.9%). Main features: All sector WPI, quarterly and annual movement (%), seasonally adjusted: chart Wage Price Index (WPI) Total hourly rates of pay excluding ...
From youtube.com/markets|Jun 11, 2024Australian Treasurer Jim Chalmers says his country is on track for a soft landing as a result of "moderating inflation and a resilient labor market." He also says that the relationship with China can be "complex to manage" but there are "good economic dividends" from engaging with Beijing. Chalmers speaks to Haidi Stroud-Watts on the sidelines of the Morgan Stanley Australia Summit in Sydney.
- From abs.gov.au|May 14, 2024
Key statistics: The seasonally adjusted WPI rose 0.8% this quarter and 4.1% over the year. The private sector rose 0.8% and the public sector rose 0.5%, seasonally adjusted for the quarter. The largest industry contributors to quarterly wage growth were Professional, scientific and technical services (0.7%), Education and training (0.8%), and Construction (0.7%). Main features: All sector WPI, quarterly and annual movement (%), seasonally adjusted: chart Wage Price Index (WPI) Total hourly rates of pay excluding bonuses: ...
From abs.gov.au|Feb 20, 2024Key statistics: The seasonally adjusted WPI rose 0.9% for December quarter 2023 and 4.2% over the year. The private sector quarterly rise was 0.9% and the public sector 1.3%, seasonally adjusted. The industries with the largest contribution to quarterly wage growth were Health care and social assistance (1.3%) and Education and training (1.7%). What's new this quarter This issue includes: Information about the WPI expenditure weights that have been updated in the December quarter 2023 Updates to the Frequently Asked ...
- From abs.gov.au|Nov 14, 2023
Key statistics: In September quarter 2023, the seasonally adjusted WPI rose 1.3% for the quarter and 4.0% over the year. The quarterly rise in the private sector was 1.4% and the public sector rose 0.9%, seasonally adjusted. The industry with the most significant contribution to wage growth was Health care and social assistance (3.1%). Main features: chart Wage Price Index (WPI) Total hourly rates of pay excluding bonuses: table An overall increase in both the proportion of jobs with a wage change and the average size of those ...
- From abs.gov.au|Aug 14, 2023
In June quarter 2023, the seasonally adjusted WPI rose 0.8% for the quarter and 3.6% over the year. The private sector rose 0.8% and the public sector rose 0.7%. The industries with the most significant contributions to wage growth were Construction (1.3%) and Professional, scientific and technical services (0.7%). chart Wage Price Index (WPI) Total hourly rates of pay excluding bonuses: table The proportion of jobs receiving a wage rise this quarter was slightly lower than in June quarter 2022. However, for those jobs that ...
From theconversation.com|Jul 2, 2023|2 commentsOf the 27 leading economists assembled by The Conversation to forecast the financial year thats just begun, every one expects inflation to continue to fall. The official quarterly measure of inflation peaked at 7.8% in the year to December and is now 7%, and the newer monthly measure peaked at 8.4% and is now 5.6%. Whats at issue is how quickly inflation will continue to fall, how many more times the Reserve Bank will push up interest rates to make sure it falls as quickly as it wants, and the damage those rate hikes will do to an ...
- From abs.gov.au|May 16, 2023|2 comments
In March quarter 2023, the seasonally adjusted WPI rose 0.8% this quarter and 3.7% over the year. The private sector rose 0.8% and the public sector rose 0.9%. The most significant industry contributors to wage growth were Education and training (1.5%) and Professional, scientific and technical services (0.9%). Main features: chart Wage Price Index (WPI) Total hourly rates of pay excluding bonuses: table An increase in the size of average hourly wage change in both the private and public sector was the main driver of wage ...
| Released on Aug 12, 2024 |
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| Released on May 14, 2024 |
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| Released on Feb 20, 2024 |
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| Released on Nov 14, 2023 |
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| Released on Aug 14, 2023 |
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| Released on May 16, 2023 |
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