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AAP
AAP
Business
Andrew Brown

Inflation does a job on wage growth, adds heat to rates

Inflation CreditorWatch
Inflation has outstripped wage growth despite many workers receiving a pay rise. (Jane Dempster/AAP PHOTOS)

A hike in inflation has led to a drop in real wage growth for the first time in more than two years, which could lead to further interest-rate hikes.

December quarter wages data released on Wednesday by the Australian Bureau of Statistics showed seasonally adjusted wages rose 3.4 per cent for the year, up from 3.3 per cent, in line with market forecasts.

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