The Australian Bureau of Statistics (ABS) has just released its Labor Price Index for the September quarter of 2018, which revealed more disappointing wages growth:
According to the ABS, wages grew by just 0.62% (s.a.) and 0.54% (trend) in the September quarter. Private sector wages grew by 0.55% (both s.a. and trend) over the quarter, whereas public sector wages grew by 0.61% (both s.a. and trend).