Wage Price Index (QoQ)

The Wage Price Index released by the Australian Bureau of Statistics is an indicator of labor cost inflation and of the tightness of labor markets. The Reserve Bank of Australia pays close attention to it when setting interest rates. A high reading is positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).

Most recent - Wednesday 15 May 2024 01:30

Previous
1%
Revised
1%
Forecast
0.9%
Actual
0.8%

Lower numbers than forecast tend to be bullish for xxx/AUD pairs and bearish for AUD/xxx pairs.

Trading range

Forecast history

The most recent announced value for Wage Price Index (QoQ) was 0.8% against a forecast of 0.9%.

Past events

Date
Forecast
Actual
Wednesday 15 May 2024 01:30
0.9%
0.8%
Wednesday 21 February 2024 00:30
0.9%
0.9%
Wednesday 15 November 2023 00:30
1.3%
1.3%
Tuesday 15 August 2023 01:30
1%
0.8%
Wednesday 17 May 2023 01:30
0.9%
0.8%
Wednesday 22 February 2023 00:30
1%
0.8%
Wednesday 16 November 2022 00:30
0.9%
1%
Wednesday 17 August 2022 01:30
0.8%
0.7%
Wednesday 18 May 2022 01:30
0.8%
0.7%
Wednesday 23 February 2022 00:30
0.7%
0.7%
Wednesday 17 November 2021 00:30
0.5%
0.6%
Wednesday 18 August 2021 01:30
0.6%
0.4%

Economic context

Recent economic data has been broadly neutral for AUD. Other recent announcements which may affect the market's interpretation of the next Wage Price Index (QoQ) result:

PreviousLatest
Westpac Consumer ConfidenceBullish change-0.3%1.7%
Judo Bank Composite PMIBearish change52.150.6
Judo Bank Manufacturing PMIBearish change49.747.5
Judo Bank Services PMIBearish change52.551
RBA Interest Rate Decision(no change)4.35%4.35%
Employment Change s.a.Bullish change37.4K39.7K
Full-Time EmploymentBullish change-7.6K41.7K
Participation Rate(no change)66.8%66.8%
Part-Time EmploymentBearish change45K-2.1K
Unemployment Rate s.a.Bullish change4.1%4%

About Wage Price Index (QoQ)

Country:Australia
Currency:AUD
Source:Australian Bureau of Statistics
Category:Labor Market
Frequency:Quarterly
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