Private sector wage growth eases to 3.37pc

Wages in line with expectations

Wage price growth was in line with expectations at 0.84 per cent in the June quarter, a little below the 0.91 per cent seen in the March quarter, seasonally adjusted. 

Over the year, wage price growth slowed a little to 3.37 per cent, from 3.40 per cent in the March quarter.

Naturally public sector wage prices (3.65 per cent) have outpaced private sector wage prices (3.38 per cent) over the year.

This is good news for workers in Canberra, where wage price increased by 3.6 per cent over the year. 

The only places to record stronger wage increases were where mining and infrastructure is booming, namely Western Australia (3.7 per cent) and Queensland (3.6 per cent). 

The slowest increase was seen in Tasmania at 3.1 per cent.

The wrap

Overall, these figures were broadly in line with expectations.

Inclusive of bonuses, the figures were a little stronger at 3.7 per cent, but there are no signs here of rising wages being a driver of inflationary pressures. 

James Foster ran through the key details in more detail here. 

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