1 month ago
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In fact, the WPI at 3.3% was less than the Reserve Bank’s latest forecast earlier this month of a 3.5% rise. “The enterprise agreements that have been signed over the past four or five months have bigger wage increases this year. It was the 10th rise in the cash rate in less than a year from the most gung-ho central bank in the developed world. Labour shortages remain a significant constraint on economic activity, contributing to heightened wage inflation. “While there are early signs of demand easing it continues to outpace supply, as reflected in strong domestic inflation.
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