Soft wage growth eases inflation concerns
The Australian Bureau of Statistics (ABS) has released the wage price index for the June quarter, which rose by 0.8% over the quarter to be 3.2% higher year-over-year: The result was in line with analysts’ expectations but 0.1% below what the Reserve Bank had forecast in its latest Statement of Monetary Policy. Over the year, The post Soft wage growth eases inflation concerns appeared first on…
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