Fire Protection Association Australia 03 8892 3131

Follow us: 

LinkedInTwitterFacebook
Member Login Connect

Wage Price Index - March 2017

Posted on : Thursday, 18 May 2017

Wage growth in the Private Sector as well as across the Australian economy, remains low and is lower than the latest CPI.

 

For all sectors, both the seasonally and trend adjusted Wage Price Index rose by 0.5% in the March Quarter 2017, with an annual increase of 1.9% (same as in the December Quarter, 2016). The Private Sector quarterly wages (excluding Bonuses) grew by 0.5% (1.8%annual - by the seasonally adjusted indicator) and 0.4% and 1.7% in Trend Terms).

 

Summary the changes in the WPI (total hourly rates excluding bonuses)(noting the similarity) 

 

 

SECTOR

SEASONALLY ADJUSTED

TREND

CPI

Qtr:December 2016-March 2017

Year:March Qtr 2016 - March Qtr 2017

Qtr:December 2016-March 2017

Year:March Qtr 2016 - March Qtr 2017

Qtr:Dec - Mar

Year:Mar-March

 

 

 

 

 

 

 

Australia

0.5%

1.9%

0.5%

1.9%

0.5%

2.1%

Private

0.5%

1.8%

0.4%

1.7%

 

 

Public

0.6%

2.4%

0.6%

2.3%

 

 

In the Private Sector, the Electricity, gas, etc sector recorded the highest quarterly rise (0.7%) while the Accommodation, etc., sector, recorded the lowest growth for the Quarter (0.1%). Mining (0.6%) continues to experience low growth with the overall range of change seen in the 0.6% in Mining (down from 1.4% in March 2016) at the lowest level to 2.4% in the Health care sector.

 

Construction, continued with low wages growth (both Total and Ordinary hours (0.4%)).

 

The highest Quarterly rise in the Private Sector across theStates/Territories was experienced in the ACT (0.6%) while the lowest being experienced in WA with 0.2%.

 

The Annual wage growth across the States/Territories was weakest in Western Australia (1.2%) and strongest in Tasmania (2.3%) as set out below.

 

WPI- percentage change (Total Hourly Rates - excluding bonuses) -Original data - All Sectors- corresponding Quarter previous year - by State/Territory (NBno State/Territory data is available for seasonally adjusted or trend indicators)

 

PERIOD

NSW

VIC

QLD

SA

WA

TAS

NT

ACT

AUSTRALIA

2015

 

 

 

 

 

 

 

 

 

March

2.1

2.6

2.3

2.5

2.1

2.3

2.4

1.8

2.3

June

2.1

2.6

2.1

2.5

2.1

2.5

2.4

1.9

2.3

September

2.2

2.6

2.0

2.3

2.0

2.3

2.4

1.6

2.3

December

2.1

2.4

1.9

2.3

1.8

2.2

2.4

1.6

2.1

2016

 

 

 

 

 

 

 

 

 

March

2.1

2.4

1.9

2.2

2.0

2.2

2.1

1.8

2.1

June

2.2

2.1

1.9

2.2

1.8

2.2

2.0

1.9

2.1

September

2.1

2.0

1.9

2.3

1.7

2.2

2.2

1.9

2.0

December

2.1

1.9

2.0

2.2

1.4

2.4

2.1

1.9

2.0

2017

 

 

 

 

 

 

 

 

 

March

2.1

2.0

1.9

2.2

1.2

2.3

2.1

1.8

1.9

 

SOURCE: Wage Price Index (ABS Catalogue 6345.0 - March 2017) 


The effect of this latest data on the minimum Wage decision will no doubt be keenly considered.