Re: Drivers massive pay rise

["Tezza" <tezza2000@dingoblue.net.au>]

So these are the true inflation rates or the governments
"underlying"inflation rates. Sounds like the latter to me.

Tezza
<jshugg@westpac.com.au> wrote in message 8nipoh$3ek$1@nnrp1.deja.com">news:8nipoh$3ek$1@nnrp1.deja.com...
> In article <399BE54E.9D351CA8@ozemail.com.au>,
>   trainman@ozemail.com.au wrote:
>
> > How does that line up with inflation?
> >
>
> If you want to compare your pay with the national inflation rate, and
> against what average earnings have been doing, here are the figures,
> for the year ended June 30 (the latest available):
>
> Inflation
> 1999.... 1.1%
> 2000.... 3.3%  (the rise mainly due to petrol prices and mortgage costs)
>
> Wages (avge weekly ordinary time earnings)
> 1999.... 3.3%
> 2000.... 4.3%  (at Westpac, we think the earnings data for 2000
> probably overstate the true picture a little, but the trend is upwards).
>
> Cheers, James
>
>
> Sent via Deja.com http://www.deja.com/
> Before you buy.