The September quarter recorded its highest growth since 2009.


The Wage Price Index (WIP) recorded a 1.3% jump in the September quarter, the highest quarterly growth since March 2009.

The annual WIP has increased by 4% since March 2009.

Compared to public sector wages rising to 3.5%, private sector wages jumped to 4.2%.

The Fair Work Commission’s annual wage review decision was the main driving force that contributed to the increase in higher wage growth in the private sector.

As per the experts, a wage increase would continue further by the end of the year.

- Published By Team Australia News

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