Hope mounts for improvement in real wages index

Original article by Vesna Poljak
The Australian Financial Review – Page: 7 : 2-Nov-18

Australia’s wage price index recorded growth of 2.1 per cent year-on-year in the June quarter. The latest wage price index data, to be released on 14 November, will attract close scrutiny after inflation rose by 0.4 per cent in the September quarter and 1.9 per in the year to September. David Bassanese of Betashares notes that the wage price index data for the September quarter will be affected by the 3.5 per cent increase in the minimum wage that took effect at the start of July.

CORPORATES
BETASHARES CAPITAL LIMITED, AUSTRALIA. FAIR WORK COMMISSION, RESERVE BANK OF AUSTRALIA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s