Wages growth likely subdued in early 2018

New figures on Wednesday are expected to show wages growth remained subdued in the first three months of the year.

A stock photograph of Australian currency and a wages envelope .

Slow wages growth is one of the issues affecting the federal economy. (AAP) Source: AAP

New wage growth figures are likely to show why Australians are enthusiastically supporting the Turnbull government's personal income tax cuts, even if it is only $10 a week for the average earner.

The wage price index - the Reserve Bank and Treasury's preferred measure of wages growth - is released on Wednesday.

Economists expect the index rose by 0.6 per cent in the March quarter, which would keep the annual rate at around 2.1 per cent and only just above the pace of inflation.

It would remain close to the lowest level in almost 20 years.

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1 min read
Published 16 May 2018 2:12pm
Updated 16 May 2018 2:22pm
Presented by Tinrawat Banyat
Source: AAP


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