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AAP
AAP
Politics
Poppy Johnston

EXPLAINED: Hefty pay rises required to beat inflation - The Real Truth

Inflation Canstar
Analysis shows a worker earning $92,030 needs a $7178 increase to keep up with inflation. (Diego Fedele/AAP PHOTOS) (AAP)

Workers need a $7000 pay packet boost to keep up with the soaring cost of living.

Canstar analysis shows the average worker earning $92,030 would need a $7178 increase in annual income to keep pace with inflation, which rose 7.8 per cent annually in the December quarter.

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