Loading page content
Data from Australian Bureau of Statistics. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Wage Price Index QoQ held to 0.8% in Q1 2026
Australian Bureau of StatisticsMonthlyReleased May 2026
Australia Wage Price Index QoQ held to 0.8% in Q1 2026, released May 2026. The reading matched the 0.8% consensus. The print is running well below the 12-month average of 0.85%. Wage Price Index QoQ is now the lowest in 12 months.
Latest Release
0.8
Actual
0.8
Consensus
0.8
Previous
Median Absolute Error
±0.02 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 0.8
Actual: 0.8
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Wage Price Index QoQ (Australia) was reported at 0.8% in May 2026. This matched the market consensus of 0.8% exactly. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The trailing three releases averaged 0.8%, unchanged from the prior three. In May readings over the past 3 years, Wage Price Index QoQ has averaged 0.83%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.03%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Jun 16) and RBA Rate Statement (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
SHARE
Wage Price Index QoQ - AU
Loading chart data...
About Wage Price Index QoQ — Australia
DEFINITION
The Wage Price Index QoQ (Quarter on Quarter) is a key economic indicator that measures the change in wages and salaries for employees in a given quarter. It provides valuable insights into the overall health of the labor market and can be used to assess the impact of wage growth on inflation and consumer spending. This index is closely monitored by policymakers, businesses, and investors as it reflects the current trends and future expectations of wage growth in the economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 0.8 %, consensus 0.8 %. Prior reading (Oct 2025): 0.8 %. Before that (Jul 2025): 0.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.