Wage Price Index (QoQ)

The Wage Price Index released by the Australian Bureau of Statistics is an indicator of labor cost inflation and of the tightness of labor markets. The Reserve Bank of Australia pays close attention to it when setting interest rates. A high reading is positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).

Most recent - Wednesday 21 February 2024 00:30

Previous
1.3%
Revised
-
Forecast
0.9%
Actual
0.9%

Trading range

Forecast history

The most recent announced value for Wage Price Index (QoQ) was 0.9% against a forecast of 0.9%.

Past events

Date
Forecast
Actual
Wednesday 21 February 2024 00:30
0.9%
0.9%
Wednesday 15 November 2023 00:30
1.3%
1.3%
Tuesday 15 August 2023 01:30
1%
0.8%
Wednesday 17 May 2023 01:30
0.9%
0.8%
Wednesday 22 February 2023 00:30
1%
0.8%
Wednesday 16 November 2022 00:30
0.9%
1%
Wednesday 17 August 2022 01:30
0.8%
0.7%
Wednesday 18 May 2022 01:30
0.8%
0.7%
Wednesday 23 February 2022 00:30
0.7%
0.7%
Wednesday 17 November 2021 00:30
0.5%
0.6%
Wednesday 18 August 2021 01:30
0.6%
0.4%
Wednesday 19 May 2021 01:30
0.5%
0.6%

Economic context

Recent economic data has been broadly neutral for AUD. Other recent announcements which may affect the market's interpretation of the next Wage Price Index (QoQ) result:

PreviousLatest
Judo Bank Services PMIBullish change49.152.8
Judo Bank Composite PMIBullish change4951.8
Judo Bank Manufacturing PMIBearish change50.147.7
Full-Time EmploymentBullish change-109.4K11.1K
Unemployment Rate s.a.Bearish change3.9%4.1%
Participation Rate(no change)66.8%66.8%
Employment Change s.a.Bullish change-62.7K0.5K
Part-Time EmploymentBearish change46.7K10.6K
Consumer Inflation Expectations(no change)4.5%4.5%
Westpac Consumer ConfidenceBullish change-1.3%6.2%

About Wage Price Index (QoQ)

Country:Australia
Currency:AUD
Source:Australian Bureau of Statistics
Category:Labor Market
Frequency:Quarterly

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