Q4 2023 Wage Price Index Shows 0.9% Quarterly Increase in Australia
Wednesday, 21 February 2024, 00:30
Q4 2023 Australian Wage Price Index Overview
The Wage Price Index for Q4 in Australia witnessed a 0.9% quarterly increase, consistent with projections. The yearly rate reached 4.2%, slightly above the latest y/y CPI reading of 4.1%.
Reserve Bank of Australia Predictions
The Reserve Bank of Australia anticipates a slowdown in wage growth due to the anticipated deceleration in economic growth and the expected easing of labor market conditions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.