As noted earlier, figures released today by the ABS revealed that Australian wages growth fell to the slowest pace on record (1997) in the September quarter, clocking it at only 2.6% seasonally-adjusted and 2.5% trend over the year:
When adjusted for underlying inflation, annual wages were dead flat in the September quarter in seasonally-adjusted terms and fell for the third consecutive quarter in trend terms, down 0.1% in the year to September 2014 (see below charts).
Advertisement