Wage growth to hit decade high of 3.5pc in Australia

According to The Australian Financial Review, wage growth is tipped to have accelerated to its fastest rate in a decade at the end of last year, cementing the prospect of at least two more interest rate rises from the Reserve Bank of Australia.
Markets expect the December quarter wage price index, to be released on Wednesday, will show pay packets grew by a solid 1 per cent in the final three months of last year, taking annual growth from 3.1 per cent to 3.5 per cent.

https://www.afr.com/policy/economy/wages-growth-to-hit-decade-high-of-3-5pc-20230217-p5clhe