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Wages grow fastest in 11 years
1points
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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