CommBank says September wage growth slows, easing risk of wage-driven inflation

• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Commonwealth Bank of Australia published the original content used to generate this news brief on October 12, 2026, and is solely responsible for the information contained therein.