Despite highest growth since 2014, Australia’s wages continue to lag behind inflation

By Rhea Laxmi Nath · 17 August 2022 · News

Despite highest growth since 2014, Australia’s wages continue to lag behind inflation

Australia's Wages Growth Hits 9-Year High, But Inflation Still Outpaces

Despite a significant boost in wages, Australians are still struggling to keep up with the rising cost of living. What does this mean for the country's economic future?

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Summary

As per Australian Bureau of Statistics data released today, wages have climbed to 2.6 per cent, still far below inflation of 6.1 per cent.