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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 21 February 2024 00:30

Previous
1.3%
Revised
-
Forecast
0.9%
Actual
0.9%

Next event - Wednesday 15 May 2024 01:30

Previous
0.9%
Forecast
-
Actual
-

The typical/expected impact on AUD pairs is medium.

There is no forecast value for Wage Price Index (QoQ) yet - check back for updates.

Trading range

Forecast history

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

Past events

Date
Forecast
Actual
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%
Wednesday 19 May 2021 01:30
0.5%
0.6%

Economic context

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

PreviousLatest
Employment Change s.a.Bearish change117.6K-6.6K
Full-Time EmploymentBearish change79.4K27.9K
National Australia Bank's Business Confidence (QoQ)Bullish change-6-2
Participation RateBearish change66.7%66.6%
Part-Time EmploymentBearish change38.2K-34.5K
Unemployment Rate s.a.Bearish change3.7%3.8%
Consumer Inflation ExpectationsBullish change4.3%4.6%
Westpac Consumer ConfidenceBearish change-1.8%-2.4%
Exports (MoM)Bearish change1.5%-2.2%
Imports (MoM)Bullish change1.4%4.8%
Trade Balance (MoM)Bearish change10058M7280M

About Wage Price Index (QoQ)

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

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