The Australian Bureau of Statistics released its wage price data on Wednesday. Wages in Australia rose at a seasonally adjusted rate of 0.6% in the fourth quarter, missing forecasts of a 0.6% gain, after a 0.6% increase in the previous quarter.

Both public and private wages increased 0.5% in the fourth quarter.

On a yearly basis, wages climbed 2.2% in the fourth quarter, missing expectations for a 2.3% increase, after a 2.3% gain in the third quarter.

On a yearly basis, private wages were up 2.0% in the fourth quarter, while public wages jumped 2.6%.