Skip to main content

Australia Wage Price Index (Q3 2024)

Wage growth eased markedly in Q3, as workers in the awards system received much smaller pay hikes than last year. Although wage growth should ease further in the coming quarters, the ongoing weakness in productivity means that unit labour cost growth won't be consistent with the RBA's 2-3% inflation target for a while to come. 

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access