Wage Price Index Surges 0.8% in March Quarter β Fastest Annual Growth in Over a Decade π
Wages increased by 0.8% in the March quarter, marking the strongest annual rise in over ten years. Find out what this means for the economy and your finances.
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Wages have risen at the fastest annual pace in more than ten years in March. While the rise is largely in line with what economists had expected only around 10 per cent of workers received wage rises that came close to matching inflation rates.
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May 17, 2023
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