Wage Price Index Growth — methodology

What this metric measures

Growth in the ABS Wage Price Index: the change in hourly rates of pay for a fixed basket of jobs, year-ended. A clean read on what wages are doing, unaffected by shifts in the mix of jobs.

Why it matters: Nominal wage growth is the base of real wages. Compared with inflation, it shows whether pay is keeping up with the cost of living.

Source & provenance

Publisher

ABS Wage Price Index (Cat. 6345.0) - total hourly rates of pay excluding bonuses, all industries, Australia

Update frequency

quarterly

Licence

CC BY 4.0

How the score is computed

The score is a 0–100 normalisation of the latest observation, compared to a baseline window. The traffic-light rating (RAG) reflects both the absolute level and the recent trend.

Direction

Higher is better

Trend window

24 months

Baseline

Last 10 years

{
  "red_max_pct_of_baseline": 95,
  "amber_min_pct_of_baseline": 95,
  "green_min_pct_of_baseline": 102
}