Skip to main content

Wage growth still not a major driver of price pressures

Even though wage growth surpassed 3% for the first time since 2012 last quarter, and unemployment is back at a record low, the tight labour market has not been a major driver of the recent surge in inflation. That gives Australia a better chance than other advanced economies of being able to tame inflation without having to go through a recession.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access