Low wage growth keeps inflation down

16 August 2016

 

Wages growth in Australia has been slowing in trend terms since 2009 and the latest figures from the ABS suggest the trend still continues. June quarter wages growth was 0.5% (seasonally adjusted) for the quarter and in line with market expectations. Seasonally adjusted year-on-year growth was 2.1% which is down from March’s comparable figure of 2.2% Private sector wages grew at the lowest rate since the data series began in September...

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