6345.0 - Wage Price Index, Australia, Dec 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 19/02/2020   
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December Key Statistics

The seasonally adjusted WPI:
  • rose 0.5% this quarter, compared to a rise of 0.5% in the September quarter 2019.
  • rose 2.2% over the twelve months to the December quarter 2019.

Sep Qtr 2019 to Dec Qtr 2019
Dec Qtr 2018 to Dec Qtr 2019
% change
% change

Wage Price Index (WPI)
Total hourly rates of pay excluding bonuses
Trend(a)
Australia
0.5
2.2
Sector
Private
0.5
2.2
Public
0.6
2.3
Seasonally Adjusted(b)
Australia
0.5
2.2
Sector
Private
0.5
2.2
Public
0.4
2.2
Original
Australia
0.5
2.2
Sector
Private
0.5
2.2
Public
0.4
2.2

(a) See Explanatory Notes paragraphs 39-40, 42. (b) See Explanatory Notes paragraphs 32-38, 42.


Sector

Seasonally adjusted:
  • The Private sector rose 0.5% this quarter.
  • The Public sector rose 0.4% this quarter.


Through the year

Seasonally adjusted:
  • The Private sector rose 2.2% over the twelve months to the December quarter 2019.
  • The Public sector rose 2.2% over the twelve months to the December quarter 2019.
  • The Public sector recorded the lowest change since the start of the series.

Graph Image for Quarterly changes, Seasonally Adjusted, Total hourly rates of pay excluding bonuses



Changes in this release

In this release the quarterly movement graph in the Main Features has changed from Trend to Seasonally Adjusted to better align with the Key Statistics identified. Trend data is available in Table 1 of the 'Downloads' tab.


Use of Price Indexes in Contracts

Price indexes published by the Australian Bureau of Statistics (ABS) provide summary measures of the movements in various categories of prices over time. They are published primarily for use in Government economic analysis. Price indexes are also often used in contracts by businesses and government to adjust payments and/or charges to take account of changes in categories of prices (Indexation Clauses).

Prices Indexes and Inflation contains a page Use of Price Indexes in Contracts that sets out a range of issues that should be taken into account by parties considering including an Indexation Clause in a contract using an ABS published price index.

Frequently Asked Questions

The Wage Price Index FAQs page has answers to a number of common questions to do with price indexes and the Wage Price Index, in particular.