Australia’s wage growth far behind inflation, Sydney shooting latest | 9 News Australia

9 News Australia published this video item, entitled “Australia’s wage growth far behind inflation, Sydney shooting latest | 9 News Australia” – below is their description.

Australia’s wages has grown by 2.4 per cent, the highest annual rate recorded since December 2018, yet remains 2.7 per cent below the recently recorded 5.1 per cent inflation rate. In Sydney, There are renewed fears of more gang violence hitting the streets after another round of shots were fired into a home in the city’s south-west at Leppington.

9 News Australia YouTube Channel

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About This Source - 9 News Australia

9 News Australia has delivered breaking news, features and exclusive news from around Australia and the world into homes since 1956. In December 2013, Nine Entertainment listed on the ASX, trading as ASX: NEC.

In November 2020, Nine Entertainment relocated from Willoughby where it had been based for 64 years to North Sydney.

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In This Story: Australia

Australia, officially known as the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the largest country in Oceania and the world’s sixth-largest country by total area.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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In This Story: Sydney

Sydney, capital of New South Wales and one of Australia‘s largest cities, is best known for its harbourfront Sydney Opera House, with a distinctive sail-like design.

  • Population: 5.23 million (2018)

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