Wages growth tipped to hasten

Original article by Vesna Poljak
The Australian Financial Review – Page: 25 : 12-Nov-18

The upcoming release of wage price index data for the September quarter will be a key focus for economists and investors in the next week. The general consensus of economists is for WPI growth of 0.6 per cent for the quarter and 2.3 per cent year-on-year. Felicity Emmett of the ANZ Bank expects a 3.5 per cent increase in the minimum wage that took effect at the start of July to have increased the WPI by about 0.15 per cent.

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AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, HSBC AUSTRALIA HOLDINGS PTY LTD, BLOOMBERG LP, RESERVE BANK OF AUSTRALIA, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA

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