Easing In Australian Public Sector Wages

Australia's Q1 2026 Wage Price Index rose 0.8% q/q, keeping annual growth at 3.3%. Public sector wage growth slowed to 0.5%, its slowest pace in two years.

Key Takeaways

• 1.Australia's Wage Price Index (WPI) grew 0.8% q/q in Q1 2026, meeting market expectations, while annual growth slowed slightly to 3.3% y/y.
• 2.Public sector wage growth slowed to 0.5% q/q, the lowest rate since Q1 2024, narrowing the gap with the private sector.
• 3.Real wages fell 0.8% y/y as headline inflation (4.1% y/y) outpaced nominal wage growth.

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