The Australian Bureau of Statistics (ABS) has just released its Labor Price Index for the December quarter of 2018, which revealed more disappointing wages growth:
According to the ABS, wages grew by just 0.54% (s.a.) and 0.54% (trend) in the December quarter. Private sector wages grew by 0.62% (both s.a. and trend) over the quarter, whereas public sector wages grew by 0.60% (both s.a. and trend).
