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6345.0 - Wage Price Index, Australia, Dec 2014 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 25/02/2015   
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DECEMBER KEY FIGURES

Sep Qtr 2014 to Dec Qtr 2014
Dec Qtr 2013 to Dec Qtr 2014
% change
% change

Wage Price Index (WPI)
Total hourly rates of pay excluding bonuses
Trend(a)
Australia
0.6
2.5
Sector
Private
0.6
2.4
Public
0.7
2.7
Seasonally Adjusted(b)
Australia
0.6
2.5
Sector
Private
0.6
2.5
Public
0.7
2.7
Original
Australia
0.6
2.6
Sector
Private
0.5
2.5
Public
0.7
2.7

(a) See Explanatory Notes paragraphs 42-43, 46. (b) See Explanatory Notes paragraphs 35-41, 46.

Graph Image for Quarterly changes, Trend, Total hourly rates of pay excluding bonuses



Graph Image for Annual change, Original, Total hourly rates of pay excluding bonuses, States and Territories



DECEMBER KEY POINTS


TOTAL HOURLY RATES OF PAY EXCLUDING BONUSES

QUARTERLY CHANGE (SEP QTR 2014 TO DEC QTR 2014)
  • The trend index and the seasonally adjusted index for Australia rose 0.6% in the December quarter 2014.
  • The Private sector rose 0.6% seasonally adjusted, and the Public sector rose 0.7%.
  • The rises in indexes at the industry level (in original terms) ranged from 0.2% for Accommodation and food services to 1.2% for Information media and telecommunications.


ANNUAL CHANGE (DEC QTR 2013 TO DEC QTR 2014)
  • The trend and seasonally adjusted indexes for Australia both rose 2.5% through the year to the December quarter 2014.
  • Rises in the original indexes through the year to the December quarter 2014 at the industry level ranged from 1.9% for Professional, scientific and technical services to 3.4% for Education and training and Arts and recreation services.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2015 13 May 2015
June 2015 12 August 2015
September 2015 18 November 2015
December 2015 24 February 2016



CHANGES IN THIS ISSUE

The weights used to compile the WPI have been updated in the December quarter 2014 using expenditure on wages and salaries from the 2014 Survey of Employee Earnings and Hours. The weighting data are price updated to represent current period values. Further information can be found in paragraphs 23-28 of the Explanatory Notes.

Medibank Private Limited was privatised on 25 November 2014. For the purposes of ABS statistics this change from public sector to private sector is effective from the December quarter 2014.

In this issue, selected Time Series Spreadsheets (Tables 1 to 9b) include quarterly and annual percentage change for the first time. These tables are available from the Downloads tab on the ABS website. The series identifiers for existing indexes have not changed.

The re-referencing, planned for the December quarter 2014, has not occurred. The index reference period remains as 2008-09. Future changes will be notified in the 'CHANGES IN FUTURE ISSUES' section of this publication.


ABS DATA AVAILABLE ON REQUEST

Original indexes are compiled for various combinations of state/territory, sector and industry division. Indexes not included in this publication may be made available on request by telephoning WPI in Perth on (08) 9360 5151 or email wage.price.index@abs.gov.au.


DATA REFERENCES

Data referenced in the Key Points and Commentary are available from the tables shown in this publication or in the corresponding tables of this publication on the ABS website <http://www.abs.gov.au>.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or WPI on Perth (08) 9360 5151. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.


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