Adjusted for inflation, Australians are being paid less than they were in 2020. These four charts show what’s changed in how we work – and the growing gap between your pay and what you can afford to buy.
True wages growth, and true price growth, is probably less than the official figures suggest – meaning there’s no need for alarm about inflation in Australia.
Low inflation and painful wage growth mean the Reserve Bank has extended its freeze on interest rates for an almost unprecedented 18th straight meeting.
