Cpi Wage Increase 2024 Australia. With the rba forecasting that cpi inflation will fall to 3.3% by june 2024, the survey data offers hope that workers will see a sustained increase in real wages in 2024. Seasonally adjusted, wages grew 0.9% in the december quarter 2023 and 4.2% over the year.
We are seeing relative price shifts that are returning to more ‘normal’ historical trends. Both the quarterly and annual increases exceeded inflation, which came in at 0.6 per cent in the december quarter and 4.1 per cent for the year to december, according to the.
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