ABS confirms wage price index rose an annual rate of 3.5% in September quarter, bringing some relief to households battling cost of living pressuresFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralians’ wages have increased faster than inflation for a fourth quarter in a row, bringing some relief to households battling with cost of living pressures.The wage price index rose at an annual rate of 3.5% in the September quarter, the Australian Bureau of Statistics said on Wednesday. That result compared with a pace of 3.6% expected by economists and the 4.1% rate reported by the ABS for the June quarter. Annual headline consumer inflation was 2.8% for the July-September period. Continue reading…
Source link : https://www.theguardian.com/australia-news/2024/nov/13/australians-wages-increase-faster-than-inflation-for-fourth-quarter-running
Author : Peter Hannam Economics correspondent
Publish date : 2024-11-13 00:33:10
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Australians’ wages increase faster than inflation for fourth quarter running
