Tasmania’s Wage Price Index grew 0.9% for the three months ending March, the second highest behind Western Australia.
Annual wage growth was 3.2% for Tasmania, the highest being Canberra at 3.9%.
The overall increase for Australia was 3.4%, with federal Treasurer Jim Chalmers hailing the result.
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“We’ve got wages growing and inflation falling and those are really the key elements of this soft landing that we have been engineering in our economy at a time of really substantial global economic uncertainty.”
The higher wage growth is not expected to cause the Reserve Bank to pause cutting interest rates.
Photo by John Fabris
