05

May 2022

Inflation to affect wages and wage growth

We Live in Unsettling Times: Inflation To Affect Wages and Wage Growth

By: Odyssey General, Outsourcing
Tags: Australian Accountant, australian accounting, inflation, Outsourcing, wagegrowth

Headline inflation in 1Q22 rose to 5.1% and this is the highest inflation rate since 2001.  Yesterday the RBA surprised many punters by raising the interest rates by 0.25%. There is now discussion of increases in wages increases between 3 and 4 percent.   At the same time, the central forecast for 2022 is for headline inflation of around 6 …