Australia Wage Prices Rise 0.6% In Q2

Australia Wage Prices Rise 0.6% In Q2

Wage prices in Australia were up a seasonally adjusted 0.6 percent on quarter in the second three months of 2018, the Australian Bureau of Statistics said on Wednesday.

That was in line with expectations and up from 0.5 percent in the three months prior.

On a yearly basis, wage prices advanced 2.1 percent — matching forecasts and unchanged from the previous three months.

Western Australia and the Northern Territory both had the lowest annual wage growth of 1.5 percent, while Victoria and Tasmania were the highest at 2.5 percent.

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