The Australian Bureau of Statistics (ABS) has just released its Labor Price Index for the June quarter of 2018, which revealed a trend weakening in wages growth from already anaemic levels:
According to the ABS, wages grew by 0.62% (s.a.) and 0.47% (trend) in the June quarter. Private sector wages grew by 0.55% (s.a.) and 0.47% (trend) over the quarter, whereas public sector wages grew by 0.61% (both s.a. and trend).