Inflation Rate – Did you actually get a pay rise?

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https://tradingeconomics.com/australia/inflation-cpi

It is that time of the year for some people’s “pay increment” and whether we have “increased” or “decreased” in pay in the “real world” is dependent on how much we have increased in pay compared to the inflation rate which is a number associated with the cost of living change in a 12 month period.

Australia’s inflation rate for the 12 months to Dec 2017 was 1.9%, with no data for March 2018 at the moment.

So if your pay increment was higher than 1.9% you got a “pay rise”!

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