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Growth in Australian wages remained unchanged during the June quarter – according to the Australian Bureau of Statistics (ABS) – although the market had expected a slightly stronger number. The seasonally adjusted Wage Price Index for the June quarter rose 0.8% – the same figure as in the March quarter – although the market had priced in a rise to 0.9% for the period. Across the whole year, the WPI rose 4.1% – and this too had not changed, although it came in slightly above the 4.0% expectation. This continues the trend of annual wage growth remaining above 4.0% since the September quarter of …

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