Wage bargaining results outpace CPI

Annual wage increases through bargaining agreements are growing three times the rate of inflation, although probably not at a pace to trouble the Reserve Bank.

Department of Employment figures show the average annualised wage increase for agreements approved in the June quarter was three per cent, up from the 2.7 per cent average in the March quarter.

It compares with the one per cent annual rate of the consumer price index in the June quarter and outpaces the 2.1 per cent growth in the wage price index - the Reserve Bank's preferred measure of wage growth.