Australian Bureau of Statistics (ABS) has released Wage Price Index, Australia, March 2022 quarter. During the March 2022 quarter, seasonally adjusted Wage Price Index increased 0.7% for the second successive quarter.
The rate of annual wage growth increased from 2.3% in the previous quarter to 2.4% in the March 2022 quarter.
Wage increases across the private sector improved 0.7% in the March 2022 quarter and 2.4% yearly. It was the major driver of growth over the quarter.
Public sector wages increased 0.6% for March quarter 2022 and annually 2.2%.
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