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Goldman Sachs

May 13, 2026

Australia Wages 1Q2026

Macro ThematicMacro Economic IndicatorsHealth CareIndustrials

Australia's 1Q2026 Wage Price Index rose 0.75%qoq, meeting expectations, while annual growth eased to 3.28%. Despite the steady headline, underlying data showed strength in market-sensitive pay arrangements.

Key Takeaways

  • 1.Australia's Wage Price Index grew 0.75%qoq in 1Q2026, meeting market and analyst expectations.
  • 2.Underlying details were stronger than the headline, with individual arrangements rising at their fastest pace since 2024.
  • 3.Public-sector wage growth slowed significantly in the quarter, though this may be due to the timing of wage resets.

Table of Contents

  • Bottom line
  • Key numbers
  • Main points
  • Exhibit 4: Key Data
  • Disclosure Appendix
  • Global product; distributing entities
  • General disclosures

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