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Wage Price Index, Australia, September 2022
In September quarter 2022 the seasonally adjusted WPI: Rose 1.0% this quarter and 3.1% over the year. The private sector rose 1.2% and the public sector rose 0.6%. charts An increase in the average size of hourly wage rises in the private sector was the main driver of wages growth over the quarter. Seasonally adjusted private sector wages rose 1.2% over the September quarter 2022, the highest quarterly rate of wages growth since September quarter 2010. Through the year growth lifted to 3.4%, the highest annual rate since December quarter 2012. Through the year growth in public sector wages was the same this quarter ... (full story)