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Showing 1 - 10 of 66 results for "Wage Price Index"

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
... plays 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 ...

Finance candidates lose salary bargaining power: Survey

KARREN VERGARA  |  MONDAY, 6 MAR 2023
... employers withdrew their offers because candidates had "unrealistic expectations," Jones said. According to the Wage Price Index, Australia experienced its highest growth in a decade of 3.3% in 2022. In the last 18 months, salary has often been presented ...

I know it's hard, but it could be harder: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 15 FEB 2023
... a nasty world," he said. "We don't really see evidence of that occurring. We think that the growth in the wage price index will get up to 4%, maybe a bit higher - but it probably won't be higher than that."

Salary inflation becoming S issue for ESG managers

RACHEL ALEMBAKIS  |  FRIDAY, 20 JAN 2023
... engagement this year. According to the latest data available from the Australian Bureau of Statistics (ABS), the Wage Price Index rose 1.0% in the September 2022 quarter, and 3.1% annually. The average size of hourly wage increases was 4.3% in the September ...

Strong wage growth lags inflation

ANDREW MCKEAN  |  THURSDAY, 18 AUG 2022
... wages growth but noted it's still well short of inflation. Australian Bureau of Statistics (ABS) data shows the Wage Price Index rose 2.6% in the year to June, the highest annual rate of wages growth since 2014. However, Chalmers and Burke say there ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... continue to lag inflation. "In the 12 months to March 2022, the consumer price index increased by 5.1%, while the wage price index increased by 2.4%," stated a Finder survey. Moody's Analytics economist Harry Murphy Cruise said that inflation will ...

Wage growth remains low

ELIZABETH MCARTHUR  |  THURSDAY, 19 AUG 2021
... in wages recorded in June quarter 2020, when the first impacts of the COVID-19 pandemic were recorded in the wage price index." The depressed wage growth is despite low unemployment in Australia - hovering around 5%, though likely set to rise due to ...

Chief economist update: Australia's virtuous cycle

BENJAMIN ONG  |  THURSDAY, 25 FEB 2021
Even before the coronavirus vaccine was injected before Australian Prime Minister Scott Morrison's arm a day before the national roll-out on the 22nd of February this year, this 'Land Down Under' has already been returning to pre-covid normality. ...

Chief economist update: Australian wages slow but still grow

BENJAMIN ONG  |  THURSDAY, 19 NOV 2020
... who have seen a lower dollar figures on their pay slips over the past quarter, but generally - and as the ABS wage price index report shows - our pay packets have still grown from a year ago. It's only the rate of growth in wages that has slowed. ...
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