CommBank says September wage growth slows, easing risk of wage-driven inflation
Bitget2026/10/12 03:09- Commonwealth Bank analysis showed monthly wage growth slowed in September, despite a recent minimum-wage decision and elevated inflation expectations.
- Annual wage growth held at 3.3%; quarterly growth stayed at 0.8% through September.
- Economist Harry Ottley flagged limited pass-through from higher inflation, easing risks of wage-driven inflation pressures for the RBA.
- Regional divergence persisted; South Australia, Tasmania, Northern Territory led at 3.7% annual growth, Victoria, ACT lagged at 3.0%.
- Labour Insights data pointed to about 20,000 trend jobs added in September; rising participation outpaced hiring, keeping unemployment drifting higher.
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