* The WPI rose by 0.5% in QIII and 2.7% in annual (sa) terms. This result was the fifth consecutive quarterly moderation.
* Private sector wages are growing at 2.7%pa and public at 2.6%pa.
* Wages growth is slowing further and is well below its 10-year average of 3.8%.
* Moderating wages growth, combined with a rising unemployment rate, helps underpin the RBA’s mild easing bias.
Read the full report: Economic Research
Commonwealth Bank