Australian data - Q3 wages +1.0% q/q (expected +0.9%)

Wage price index data from the Australian Bureau of Statistics for the July to September quarter, 2022.

The q/q is the highest since March of 2012. At 1.0% though its hardly a blow-out result. The y/y is at 3.1%, and that's below the inflation rate (i.e. negative real wage growth).

The wage data is a touch stronger than RBA forecasts. This is unlikely to prompt more aggressive rate hikes from the Bank given they've indicated they are not even going to respond to much higher than forecast inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term, see this from earlier:

• Westpac: RBA titled dovish when its increasing its inflation forecast ... unusual approach

The next RBA meeting is on December 6 and the base case is for a +25bp move.