Australian wages rise again but still lag behind cost of living, March quarter figures reveal

Wage price index increase to annual rate of 3.7% will be scrutinised by Reserve Bank

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Australia’s workers saw their wages rise at a quickening rate in the March quarter but the pace still fell far short of cost-of-living increases.

The March quarter wage price index rose to an annual rate of 3.7% in the first three months of 2023, from 3.3% in the December quarter. Economists had expected WPI to increase 3.6%.

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