Aussie wage growth won’t force RBA to hike

Wednesday 15 November 2023

The Australian Bureau of Statistics (ABS) released the wage price index for the September quarter which came in right on economists’ expectations.

Overall wages rose by 1.3% over the quarter and by 4.0% over the year in seasonally adjusted terms:

The quarterly rise in the private sector was 1.4% and the public sector rose 0.9%, seasonally adjusted.

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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.