ABS Data Reveals 44.2% Rise in Base Pay Rates in 2023 💰

Worker's pay growth is outstripping inflation for the first time in a long time. Workers had an average base pay rise of 0.9 per cent in the December quarter. That means in 2023, wages increased by 4.2 per cent just ahead of inflation at 4.1 per cent. The December figure also slightly beat economist expectations.