Wage Price Index (Q1) +4.1% y/y

  • expected 4.2%, prior 4.2%

and +0.8% q/q

  • expected 0.9%, prior 0.9%

The y/y result compares well with Australian budget forecast of 4% growth this year, and the RBA's forecast of 4.2%. No wage-price spiralling out of control for now.


Tomorrow we get the Australian employment report for April, though it'll be competing for attention with Japan's advance GDP reading for Q1:

Economic calendar in Asia Thursday, 16 May 2024 1