Look on the brightside: falling inflation lifting real wages

Thursday, 21 February 2019

Yesterday’s wages price index released by the ABS revealed a softening of annual wages growth to 2.27%:

However, when adjusted for underlying inflation, which has softened, real wages firmed to 0.45% growth in the year to December:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.