Cpi Wage Increase 2024

Cpi Wage Increase 2024. Department of labor, bureau of labor. Cpi is widely used as a macroeconomic indicator of inflation, as a tool by governments and central banks for inflation targeting and for monitoring price stability, and as deflators in.


Cpi Wage Increase 2024

The annual inflation rate based on all india consumer price index (cpi) number is 4.83% (provisional) for the month of april, 2024 (over april, 2023). Every year, the commission reviews the national minimum wage and minimum rates of pay in modern awards to decide if they should be increased.

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