The Wage Price Index advanced 4.1% in the first quarter from a year earlier. — Reuters
SYDNEY: Australian wage growth eased for the first time since the depths of the pandemic in the first three months of the year, in a positive result for the Reserve Bank of Australia (RBA), which remains watchful of price pressures in the economy.
The Wage Price Index advanced 4.1% in the first quarter from a year earlier, the first slowing since the fourth quarter of 2020 and just below economists’ estimate of 4.2%, Australian Bureau of Statistics data showed yesterday.
