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The New Daily
The New Daily
Politics
Matthew Elmas

Cost-of-living pressures rise as wages growth fails to keep up with inflation, tempering rate hike talk

Wage growth is not keeping up with rising prices, adding to budget pressures for households. Photo: Getty

Australians’ cost-of-living pressures are rising after wages growth failed to keep pace with inflation over the December quarter.

New Australian Bureau of Statistics data on Wednesday showed that wage growth is rising in Australia, but only slowly, inching up to 2.3 per cent in annual terms between September and December 2021.

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