Australia: Wage Price Index development 2023

As of June 2023, the Wage Price Index (WPI) in Australia was 143.7, an increase of just under five points on June 2022. The WPI is used to measure labor price changes, and is not affected by things such as employee characteristics, hours worked.

Wage Price Index (WPI) development in Australia from financial year 2000 to 2023

Characteristic	Wage price index
2023	143.7
2022	138.9
2021	135.7
2020	133.7
2019	130.9
2018	127.9
2017	125.4
2016	123
2015	120.4
2014	117.6
2013	114.6
2012	110.9
2011	107
2010	103.1
2009	100
2008	96.2
2007	92.3
2006	88.7
2005	85.2
2004	82.1
2003	79.3
2002	76.6
2001	74.2
2000	71.7

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Release date

February 2024

More information

Region

Australia

Survey time period

Financial year 2000 to 2023

Special properties

Australia's financial year runs from July 1 to June 30 of the stated year; for example, financial year 2021 starts on July 1, 2020 and ends on June 30, 2021.

Supplementary notes

Note: Base year is financial year 2008-09 (index = 100).

Represents total hourly rates of pay excluding bonuses, private and public, all industries.

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