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Australia Wage Prices Gain 0.5% On Quarter In Q4

Wage prices in Australia were up a seasonally adjusted 0.5 percent on quarter in the fourth quarter of 2018, the Australian Bureau of Statistics said on Wednesday.

That was shy of expectations for an increase of 0.6 percent, which would have been unchanged.

On a yearly basis, wage prices advanced 2.3 percent - unchanged and matching forecasts.

Private sector wages were up 0.6 percent on quarter and 2.3 percent on year, while public sector wages rose 0.6 percent on quarter and 2.5 percent on year.

The highest index rise at an industry level was in financial and insurance services (0.9 percent) and the lowest in accommodation and food services (0.1 percent).

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