Inflation ‘problem’ to outstrip pay increases
Sky News Business Reporter Ed Boyd says more wage increases can “add more to inflation” as he predicted inflation could soon be “outstripping” pay increases.
Mr Boyd said inflation is a “big problem” in the Australian economy.
“Pretty soon, inflation is going to be outstripping the pay increases as well,” he told Sky News Australia.
“This is a really delicate balancing act the Reserve Bank Governor is going to need to juggle over the next few months as inflation starts to get worse.”
( Source : Sky News Australia Youtube Channel )
- ‘Very bad look’: LNP candidate Vivian Lobo referred to federal police | Australian News video
- Australia News – Bred for spare parts? The baby boy born to save his sister’s life | 60 Minutes Australia
- Putin will be ‘escalating’ Russia’s missile strikes on Ukraine to ‘make a point’ | Australian News video