The Australian Bureau of Statistics (ABS) has just released its Wage Price Index for the December quarter of 2017, which revealed a modest rebound in wages growth from very low levels:
According to the ABS, wages grew by 0.55% (both s.a. and trend) in the December quarter, slightly beating economists’ expectations of a 0.5% rise. Private sector wages grew by 0.48% (both s.a. and trend) over the quarter, whereas public sector wages grew by 0.62% (both s.a. and trend).
