The wage price index (WPI) rose by 4.2 per cent in the 12 months to December, marginally ahead of the consumer price index at 4.1 per cent.
The wage price index rose by 4.2 per cent in the 12 months to December, according to new data from the Australian Bureau of Statistics , marginally ahead of the consumer price index at 4.1 per cent.since March 2021, and is the highest annual jump in wages in almost 14 years."For both the public and private sector, wages growth was driven by organisation-wide annual wage and salary reviews," ABS head of prices statistics Michelle Marquardt said.
There was a particularly high rise in the public sector, where wages jumped 1.5 per cent from September to on the back of new pay deals for essential workers like nurses."Higher growth in the public sector was primarily due to newly implemented enterprise agreements for essential workers in the healthcare and social assistance and education and training industries following changes to state-based wages policies," Marquardt said.
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