wage_vs_rent_gap
Check whether rents are outrunning wages by comparing ABS Wage Price Index and rent CPI growth. Returns the percentage-point gap and direction flag to gauge housing-cost pressure.
Instructions
Compares ABS Wage Price Index (WPI) annual growth against ABS rents-component CPI annual growth — single call answers 'are rents outpacing wages?'. Returns nominal wage growth, rent growth, the gap in percentage points, and a direction flag (rents_outpacing_wages vs wages_keeping_pace). Useful for affordability narrative — when negative, real housing-cost pressure is mounting.
Input Schema
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