According to the data provided by the Australian Bureau of Statistics, Australian seasonally adjusted Wage Price Index (WPI) increased by 0.8% in December quarter 2022, and 3.3% annually.
Over the quarter, Australia’s private sector wage growth rate was 0.8%, slightly higher than the public sector of 0.7%. However, in line with the September quarter 2022, annually, wage growth in the private sector was 3.6%, which was remained considerably higher than the public sector of 2.5%.
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