Australian Annual Wage Growth Hits Highest Level Since 2012

Australian wages have risen to their highest level since 2012, with the annual growth rate reaching 3.1 percent in the September quarter.
New Australian Bureau of Statistics (ABS) data shows the national wage price index (WPI) climbed one percent in the three months to September, a slight increase compared to the 0.7 percent growth recorded in the June quarter.
“This is the highest quarterly growth in hourly wages recorded since March quarter 2012,” ABS program manager of prices, Michelle Marquardt, said.
Marquardt said the private sector was behind the record lift in wages across the country, with a 1.2 percent growth, twice the rate in the public sector….