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Key Facts

Page
Wage Price Index
Section
API Data Docs
Canonical URL
https://fxmacrodata.com/api-data-docs/aud/wage_price_index
Source
ABS/RBA
Last Updated
2016-09-30

Provenance And Trust

Cite the canonical URL and source field above. Where available, this page maps to official publisher releases and timestamped updates.

What Changed

Latest change vs prior release: -0.1000 (-5.00%)

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How fresh is this content? The last updated value above reflects the page metadata or latest available data timestamp.

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Wage Price Index (AUD)

Indicator validated by integration tests.

Latest reading: 1.9 %YoY · Last updated: · Source: ABS/RBA

Category: Additional Indicators

API Endpoint

/api/v1/announcements/aud/wage_price_index

Use the production OpenAPI schema for the authoritative REST route metadata.

https://fxmacrodata.com/api/openapi.json

Browse the full endpoint reference

Compare Wage Price Index across all supported currencies →

Optional Indicator Availability (AUD)

Optional indicators use per-currency fetcher capability checks and may be temporarily hidden while source coverage is being remediated.

foreign_reserves
Available
cb_assets
Available
inflation_mom
Unavailable Not implemented on this currency fetcher yet.

About Wage Price Index (AUD)

The Wage Price Index (WPI) for Australia measures changes in the price of labour, holding hours worked and composition constant. It is the key indicator of underlying wage inflation in Australia and is closely tracked by the RBA.

Why FX traders watch it

WPI isolates pure wage inflation by removing the effect of workers changing jobs or hours. A WPI above the RBA's comfort zone signals persistent cost-push inflation and supports a hawkish RBA stance, which is AUD-positive.

How to interpret the data

A WPI above 3.5–4% year-on-year is generally viewed as incompatible with the RBA's 2–3% inflation target, keeping rate hikes on the table. Readings below 3% signal wage growth is subsiding toward a more neutral stance.

Historical Wage Price Index (AUD)

Source: ABS/RBA  ·  Quarterly  ·  %YoY

Data provided by FXMacroData via the /api/v1/announcements/aud/wage_price_index endpoint. For access, see pricing.

Data Source

Primary Source

ABS/RBA

Official Series ID

wage_price_index

Data Format and Properties

Data Frequency

Quarterly

Unit of Measure

%YoY

JSON Response Structure

The endpoint returns a chronological list of observations in JSON format. 

{
    "currency": "AUD",
    "indicator": "wage_price_index",
    "has_official_forecast": false,
    "start_date": "2023-01-01",
    "end_date": "2023-12-31",
    "data": [
        {
            "date": "2024-07-01",
            "val": 4.2,
            "announcement_datetime": 1722456000
        }
    ]
}

Request Parameters & Usage

Parameter Required Format Description
start_date NO YYYY-MM-DD Optional lower bound for the requested history.
end_date NO YYYY-MM-DD Optional upper bound. Defaults to the current date.
api_key CONDITIONAL string Required for non-USD announcement requests. USD announcement requests are public without an API key.

Example Usage

To retrieve Wage Price Index data for AUD from 2023: 

GET https://fxmacrodata.com/api/v1/announcements/aud/wage_price_index?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY

Frequently Asked Questions

How often is Australia Wage Price Index updated?
Wage Price Index for Australia is released on a quarterly schedule by Reserve Bank of Australia (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Wage Price Index reported in?
The series is published in %YoY. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source Australia Wage Price Index data?
Data is fetched directly from Reserve Bank of Australia or the official national statistics publication for Australia. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Wage Price Index for Australia via the API?
Issue a GET request to /api/v1/announcements/aud/wage_price_index?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.

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