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MNI BRIEF: Aussie Wages Growth Lower At 4.1% Y/Y

(MNI) Melbourne

Australia’s Wage Price Index rose 0.8% in the March quarter, 10 basis points lower than expected, and 4.1% y/y, according to seasonally adjusted data released Wednesday by the Australian Bureau of Statistics (ABS).

The Reserve Bank of Australia had expected the WPI to reach 4.2% y/y by the June quarter.

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Australia’s Wage Price Index rose 0.8% in the March quarter, 10 basis points lower than expected, and 4.1% y/y, according to seasonally adjusted data released Wednesday by the Australian Bureau of Statistics (ABS).

The Reserve Bank of Australia had expected the WPI to reach 4.2% y/y by the June quarter.

Keep reading...Show less