Market news
17.05.2017, 06:30

Australian wage price index rose 0.5% in Q1, as expected

The trend and seasonally adjusted indexes for Australia both rose 0.5% in the March quarter 2017. The WPI, seasonally adjusted, has recorded quarterly wages growth in the range of 0.4% to 0.6% for the last twelve quarters (from June quarter 2014).

The Private sector rose 0.5% and the Public sector rose 0.6%, seasonally adjusted.

The rises in indexes at the industry level (in original terms) ranged from 0.1% for Administrative and support services to 0.9% for Education and training.

The trend and seasonally adjusted indexes for Australia both rose 1.9% through the year to the March quarter 2017.

Rises in the original indexes through the year to the March quarter 2017 at the industry level ranged from 0.6% for Mining to 2.3% for Public administration and safety, Education and training and Health care and social assistance.

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