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MNI BRIEF: Aussie Wages Rise 4.1% Y/y In Q2

(MNI) Melbourne

Australia’s Wage Price Index (WPI) rose 0.8% in the June quarter, or 4.1% y/y, 10 basis points higher than expected, according to seasonally adjusted data released today by the Australian Bureau of Statistics.

The print was also 10bp higher than the Reserve Bank of Australia’s most recent forecasts. (See MNI RBA WATCH: Board Holds, Shrugs Off Market Volatility)

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Australia’s Wage Price Index (WPI) rose 0.8% in the June quarter, or 4.1% y/y, 10 basis points higher than expected, according to seasonally adjusted data released today by the Australian Bureau of Statistics.

The print was also 10bp higher than the Reserve Bank of Australia’s most recent forecasts. (See MNI RBA WATCH: Board Holds, Shrugs Off Market Volatility)

Keep reading...Show less