Commonwealth Bank of Australia: The current wage growth in Australia remains moderate.

Golden Ten Data reported on April 13 that wage growth in Australia remains relatively moderate, which is reassuring given that inflation rates could rise sharply in the coming quarters and potentially prompt workers to demand higher wage increases. The latest Commonwealth Bank of Australia "Wage Insights" series report shows that wages grew by 0.8% in the three months to March, with the annual growth rate stabilizing at 3.1%. The bank’s head of Australian economics, Belinda Allen, stated that wage growth appears to have found a new base, and the bank’s data has not yet reflected any response to tightening labor market conditions.