Wages grow fastest in 11 years

1points Posted 102 days, 22 hours ago by durx

Australian wages growth unexpectedly accelerated in the second quarter at the fastest pace in 11 years, underlining the central bank's concern that rising salaries may stoke inflation

Hourly pay rates excluding bonuses climbed 1.2% from the previous quarter, when they rose 0.9%, the Australian Bureau of Statistics said today.

The median estimate in a Bloomberg survey of 24 economists was for a 1% gain.

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