Australia's wage price index was up a seasonally adjusted 0.9 percent on quarter in the fourth quarter of 2023, the Australian Bureau of Statistics said on Wednesday.
That was in line with expectations and down from 1.3 percent in the three months prior.
On a yearly basis the wage price index climbed 4.2 percent - exceeding estimates for 4.1 percent and unchanged from the previous three months.
The public sector rose 4.3 percent over the 12 months to the December quarter 2023, tracking slightly above the private sector (4.2 percent) for the first time since December quarter 2020. The public sector annual rise was the highest for the sector since March quarter 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.