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Australia Wage Price Index
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.
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Why Wage Price Index matters for AUD
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 this series
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
Source: ABS. Cadence: Quarterly. Unit: %YoY. History from 2010-03-31 (16.2 years).
Recent announcements
Each release gets a durable child page so data, forecast, previous value, and raw fields can be cited directly.
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Common questions
Editorial context for readers and AI agents using this page as a cited country indicator source.
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.