Wage Price Index (YoY) (Q2) 3.4%, higher than the estimate and matching Q1
- expected 3.3%, prior 3.4%
- the Reserve Bank of Australia forecast was 3.3%
Wage Price Index (QoQ) (Q2) 0.8%, in line with the estimate and down a tic from Q1
- expected 0.8%, prior 0.9%
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The Wage Price Index, released by the Australian Bureau of Statistics, is an indicator of labor cost inflation and of the tightness of labour markets.
The Reserve Bank of Australia pays close attention to it when setting interest rates
Australian data – Q2 2025 Wage Price Index 0.8% q/q (expected 0.8%)