The growth of Australia pay rates remains at a record low. The Australian Bureau of Statistics (ABS) Wage Price Index (WPI) indicates that pay rates increased by just 2.5% over the 12 months ending on 30 September 2014 (WPI September 2014 Key Figures). This was the 6th consecutive quarter in which through the year rises have been below 3%, a trend not seen since the global financial crisis of 2007-2008.
Further analysis on pay rate rises, by state and sector, can be found on the ABS’s commentary page.
