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today is still going backwards in real terms hello again its Martin North from digital Finance analytics one that is post covering funnels and problem years with a distinctively Australian flavor well wages growth accelerated to its fastest rate in the decade at the end of last year but peoples pay packets arent growing as fast as the Reserve Bank forecasts and given the strong inflation last month at 8.4 annualized pay continues to retreat in real terms so were all getting poorer the season adjusted wage price index Rose 0.8 in December quarter 2022 and 3.3 annually according to the latest data from the ABS released today they said the increase in hourly wage rates for the December 2022 quarter was lower than the increase for the September quarter 0.8 compared to 1.1 percent it was however higher than any December quarter increase across the last decade that 4 follows on from the September and June 2022 quarters which were also higher than their comparable quarters back to 2012.
