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Showing 1 - 10 of 21 results for "WPI"

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
The quarterly Wage Price Index (WPI) jumped by 1.3% to 4% in September, beating inflation, but AMP deputy chief economist Diana Mousina says it's not economically sustainable. According to the Australian Bureau of Statistics (ABS), September's ...

Reserve Bank is done at 3.85%: CBA

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... a role, with the Australian Bureau of Statistics figures released today showing the seasonally adjusted Wage Price Index (WPI) rose 0.8% in March quarter 2023, and 3.7% annually. ABS acting head of prices statistics Leigh Merrington said the results ...

Chief economist update: The wages of COVID-19

BENJAMIN ONG  |  THURSDAY, 13 AUG 2020
... steady period of wage growth over the previous 12 months, wages recorded the lowest annual growth in the 22-year history of the WPI, ABS head of price statistics Andrew Tomadini said. "The June 2020 quarter was the first full period in which COVID-19 ...

Industry super steps up SG campaign as RBA weighs in

HARRISON WORLEY  |  MONDAY, 10 FEB 2020
... voluntarily and therefore your consumption doesn't move." RBA assistant governor Luci Ellis said the bank was forecasting WPI-base cash wages would grow "a bit slower than they otherwise would," as a result of the scheduled increase to SG. "Given ...

Chief economist update: Low unemployment, low wages growth conundrum

BENJAMIN ONG  |  THURSDAY, 16 MAY 2019
... That's Australian Bureau of Statistics (ABS) Chief Economist Bruce Hockman take on the results of the Wage Price Index (WPI) report that showed wages - total hourly rates of pay excluding bonuses - grew by 2.3% in the year to the March quarter - ...

Chief economist update: Faster wages growth a one-off?

BENJAMIN ONG  |  THURSDAY, 15 NOV 2018
... That's Australian Bureau of Statistics (ABS) chief economist Bruce Hockman talking about the results of the Wage Price Index (WPI) report that showed wages - total hourly rates of pay excluding bonuses - grew by 2.3% in the year to the September ...

Chief economist update: Look ma, inflation ate my wages

BENJAMIN ONG  |  THURSDAY, 16 AUG 2018
... stuck in the very slow 2-2.1% over the past 10 quarters. The Australian Bureau of Statistics' (ABS) Wage Price Index (WPI) report showed that wages - total hourly rates of pay excluding bonuses - grew by 2.1% in the year to the June quarter. This ...

Chief economist update: Not before we get a pay rise

BENJAMIN ONG  |  MONDAY, 6 AUG 2018
... revelation but it confirms the stagnant growth in wages in the Australian Bureau of Statistics' (ABS) Wage Price Index (WPI) report and portends that the June quarter would not be much different from the 2.1% growth in the March quarter. "...the ...

Chief economist update: Should have sold in May and gone away

BENJAMIN ONG  |  TUESDAY, 29 MAY 2018
... help raise company revenues. This should partially partly offset continued stagnant growth in wages - the Wage Price Index (WPI) increased by 2.1% in the year to the March 2018 quarter, unchanged similar growth rates in the December 2017 and September ...

Chief economist update: Australia low on credit

BENJAMIN ONG  |  THURSDAY, 1 MAR 2018
... Australian labour market is improving. However, the improvement is yet to translate into faster wages growth. The Wage Price Index (WPI) grew by 2.1% in the year to the December quarter, marginally above the previous quarter's 2% and not far above the ...
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