Market analysis: Wage growth in Australia is currently under control.

The salary requirements in Australia are still moderate, which is reassuring, as inflation may soar in the coming quarters, prompting wage earners to seek larger pay raises. The latest wage insight series report from the Commonwealth Bank of Australia shows that salaries rose by 0.8% in the three months to March, with an annual increase of 3.1%. Belinda Allen, the Commonwealth Bank's chief economist for Australia, said that wage growth seems to have established a new foundation, and the bank's data has not yet shown any reaction to the tightening labor market.