Australia Wage Price Index Climbs 3.1% On Year In Q3

RTTNews | 806 ngày trước
Australia Wage Price Index Climbs 3.1% On Year In Q3

(RTTNews) - Australia's wage price index climbed 3.1 percent on year in the third quarter of 2022, the Australian Bureau of Statistics said on Wednesday - exceeding expectations for 3.0 percent and up from 2.6 percent in the second quarter.

On a seasonally adjusted quarterly basis, wages rose 1.0 percent - topping forecasts for 0.9 percent and up from 0.7 percent in the three months prior.

Private sector wages rose 1.2 percent on quarter and 3.4 percent on year, while public sector wages advanced 0.6 percent on quarter and 2.4 percent on year.

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Australia Inflation Softens In December

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Australia's consumer price inflation eased in December to the lowest since early 2021 on falling electricity and auto fuel prices, the Australian Bureau of Statistics reported Wednesday. Consumer prices logged an annual increase of 2.4 percent in the December quarter, following a 2.8 percent rise in the preceding period. This was the lowest rate since March 2021.
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