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Hourly pay rates up 0.7% in Sept qtr

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AAP

2012-11-14

Total hourly rates of pay, excluding bonuses, rose by a seasonally adjusted 0.7 per cent in the September quarter, official figures show.

The wage price index rose 3.7 per cent from a year earlier, the Australian Bureau of Statistics (ABS) said on Wednesday.

The median market forecast was for a rise of 0.8 per cent in the September quarter.

In the June quarter, the index rose an unrevised 1.0 per cent.

The index measures movement in underlying wages by calculating the change in wage and salary cost across a range of occupations.