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Actual | Forecast | Previous | Revised Form | |
| 0.6% | 0.8% | 0.7% | N/A | ||
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For 4th Quarter
WPI y/y: 2.9%, forecast 3.1%, pr. 3.6% (3Q), 3.8% (2Q),
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| 11/13 | 2/19 | 5/13 | 8/12 | 11/11 | 2/24 | 5/19 | 8/11 | 11/17 | 2/23 | ||
| Actual | 1.0% | 1.1% | 0.9% | 1.2% | 0.9% | 1.2% | 0.8% | 0.8% | 0.7% | 0.6% | |
| Forecast | 1.0% | 1.1% | 1.1% | 1.0% | 1.0% | 0.9% | 0.8% | 0.8% | 0.7% | 0.8% | |
| Previous | 1.1% | 1.0% | 1.1% | 0.9% | 1.1% | 1.0% | 1.2% | 0.8% | 0.8% | 0.7% | |
| Revised From | N/A | N/A | N/A | N/A | 1.2% | 0.9% | N/A | N/A | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| 0.7% | 0.7% | 0.8% | N/A | ||
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For 3rd Quarter
WPI y/y: 3.4%, forecast 3.6%, pr. 3.8% (2Q), 4.2% (1Q), 4.3% (4Q),
Australian wages excluding bonuses increased 0.7% q/q in Q3 2009, as forecast, after a 0.8% q/q advance in Q2, according to the Q3 Australian wage price index released by the Australian Bureau of Statistics. Wage growth eased to 3.4% y/y from Q2's 3.8% y/y, easing Reserve Bank of Australia rate-rise pressures next month. |
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Actual | Forecast | Previous | Revised Form | |
| 0.8% | 0.8% | 1.2% | N/A | ||
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For 1st Quarter
WPI y/y: 4.2%, forecast 4.2%, pr. 4.3%, 4.1% (3Q), 4.2% (2Q), 4.1% (1Q),
From the Release:
• "The Wage Price Index rose 0.8% in the March quarter, in line with market expectations. That saw annual wages growth ease a touch to 4.2%, down from 4.3% in Q4.
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Actual | Forecast | Previous | Revised Form | |
| 0.9% | 1.0% | 1.1% | 1.2% | ||
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For 3rd Quarter
WPI y/y: 4.1%, forecast 4.2%, pr. 4.2% (2Q), 4.1% (1Q), 4.2% (4Q '07),
An easing of wage price inflation should help give the Reserve Bank of Australia more confidence in their recent rate cuts.
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Actual | Forecast | Previous | Revised Form | |
| 1.2% | 1.0% | 0.9% | N/A | ||
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For 2nd Quarter
WPI y/y: 4.2%, forecast 4.1%, pr. 4.1% (1Q), 4.2% (4th Q), 4.2% (3rd Q) The Bureau of Statistics showed that wages exluding bonuses grew 1.2% in the June quarter, the biggest quarterly rise since the series began in 1997. Analysts see the central bank noting the annual increase of 4.2, which is within a manageable and familiar range and does not pose an inflation threa. |
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Actual | Forecast | Previous | Revised Form | |
| 0.9% | 1.1% | 1.1% | N/A | ||
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For 1st Quarter
Wage Price Index y/y: 4.1%, forecast 4.3%, pr. 4.2% (4th Q), 4.2% (3rd Q) Wage inflation in the 1st quarter was lower in Australia than economists had forecast. Quarter-on-quarter the wage price index rose 0.9%, slower than the 1.1% seen in the 4th quarter. The annual pace declined to 4.1%, lower that the previous 2 quarters. Wages had been going up at a fast pace as Australia's commodity export sector is booming and demand for labor was strong. The tight labor market from the 4th quarter may have given way to expectations of a slowdown. |
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Actual | Forecast | Previous | Revised Form | |
| 1.1% | 1.1% | 1.0% | N/A | ||
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For 4th Quarter
Wage Price Index y/y: 4.2%, pr. 4.2% (3rd Q) Australian wages growth accelerated in the 4th quarter. This is another sign to the Reserve Bank of Australia that inflation, which has reached the fastest level since 1991, needs aggressive action. The bank is likely to increase rates from 7%, an 11-year high, when they meet next on March 4th. |
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Actual | Forecast | Previous | Revised Form | |
| 1.0% | 1.0% | 1.1% | N/A | ||
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For 3rd Quarter. Wage Price Index y/y: 4.2% (3rd Q), forecast 4.2%, pr. 4.0% (2nd Q) |
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