ABS confirms wage price index rose an annual rate of 3.5% in September quarter, bringing some relief to households battling cost of living pressures
Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcast
Australians’ wages have increased faster than inflation for a fourth quarter in a row, bringing some relief to households battling with cost-of-living pressures.
The wage price index rose at an annual rate of 3.5% in the September quarter, the Australian Bureau of Statistics said on Wednesday. That result compared with a pace of 3.6% expected by economists and the 4.1% rate reported by the ABS for the June quarter. Annual headline consumer inflation was 2.8% for the July-September period.
About Author
More Stories
Fears for spread of malaria in Africa as study finds resistance to frontline drug
Man charged over Melbourne carjacking and siege involving father and toddler
Santos figured out net zero roadmap ‘literally on the fly’, court hears in world-first greenwashing case