Wage Price Index by Country
Latest released Wage Price Index value for every supported currency, with the previous reading, the change between releases, reference date, frequency, unit, and source.
/api/v1/announcements/{currency}/wage_price_index. Non-USD endpoints require an API key query parameter.| Country / Currency | Latest | Previous | Change | Reference | Frequency | Unit | Source |
|---|---|---|---|---|---|---|---|
|
Australia
AUD · Australian Dollar
|
3.4
31 Dec 2025
|
3.3
30 Sep 2025
|
▲ +0.1 | 31 Dec 2025 | Quarterly | %YoY | ABS/RBA |
What is Wage Price Index?
The Wage Price Index (WPI) is the Australian Bureau of Statistics' headline wage measure. It tracks the change in hourly wage rates for a fixed quality and quantity of labour, removing composition effects.
Why it matters for FX
WPI is the wage measure the RBA cites in its policy framework. Surprises in the quarterly print directly reprice the RBA path and move AUD on release. Sustained wage growth above the level consistent with the 2-3 percent inflation target keeps the RBA hawkish.
How to read this page
Watch year-over-year change vs the RBA's implicit comfort zone (around 3.5-4.0 percent given productivity). Public-sector vs private-sector split matters for sustainability.
What to watch for
- Year-over-year change vs RBA comfort zone
- Public vs private wage growth split
- Quarterly annualised run rate
- Cross-check with trimmed-mean inflation
- Enterprise-bargaining settlement trends