Wage price index drops from 4.2 to 4.1 per cent

Wages are up 4.1 per cent at an annual rate which is slightly below what the market expected. Economists were predicting wages to grow at the same rate as last year which was 4.2 per cent. Over the course of the first three months of the year, wages lifted over that period by just 0.8 per cent, the market was expecting 0.9 per cent.