Election issue: wages take 1.1% hit in real terms 

by Callum Foote | May 18, 2022 | Lobbyland

The ABS has released the March Wage Price Index showing that wages have fallen in real terms by 1.1% in the past year.

The latest WPI reveals that in the last quarter wages have grown 0.7% and grown by 2.4% annually compared to last year. 

However, when adjusting for inflation wages have actually fallen by 1.1% annually. This is using the trimmed-mean CPI of 3.5 favoured by RBA as it excludes very high and very low results.

Wages have been hit the hardest in the Northern Territory receding by 1.6% in real terms with small states Tasmania and the ACT being let off the lightest with a -0.7% hit.


Callum Foote was a reporter for Michael West Media for four years.

Don't pay so you can read it.

Pay so everyone can.

Pin It on Pinterest

Share This