According to Australian Bureau of Statistics the labor price index rose to 0.5% in the quarter of December 2019 and 2.2% throughout the year. According to Bruce Hockman, the Chief of Australian Bureau of Statistics, annually both public and private sector rose to 2.2% but this was the lowest growth rate since December 1997. Since 2012, for the first time private sector labour price index Australia grew at faster rate than public sector. Annual labour price index Australia in 2019 range from 1.6% for telecommunication and information media industry while 3.1% for social assistance and healthcare industry. Victoria recorded the highest growth rate of 2.7% throughout the year while Western Australia recorded the lowest growth rate of 1.7%. The reading of labour price index Australia higher than expected taken as positive for economic growth.
The data of labour price index Australia is released on quarterly basis usually at 1:30 (GMY) by Australian Bureau of Statistics.