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Showing 1 - 10 of 67 results for "Wage Price Index"

Wages grow 3.5% for the year

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
The Wage Price Index rose 0.8% in the September quarter and 3.5% for the year, according to the latest data from the Australian Bureau of Statistics (ABS). ABS head of price statistics Michelle Marquardt said this was the first time annual wage growth ...

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. ...
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