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Australia WPI Continues Rising; +0.7% in Q1

AUSTRALIA DATA
MNI (Singapore)
  • Australia Q1 Wage Price Index rose 0.7% this quarter and 2.4% over the year in seasonally adjusted term, the same growth as Q4 and 0.1 percentage point quicker on a year basis.
  • The private sector rose 0.7% over the quarter. Regular annual wage and salary reviews drove wage growth for the sector, with a small number of larger increases paid to retain and attract in-demand skilled workers.
  • The public sector rose 0.6% over the quarter with a higher proportion of jobs receiving increases than in recent March quarters, due to timing changes for a few large enterprise agreements..
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