Rising corporate profits major factor in Australia’s escalating inflation, report finds

Wage growth is at record low levels, while the profit share is at a near-record share of GDP, according to analysis from the Australia Institute

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Wages have had little or no effect on Australia's inflation rate in the past three years, according to new economic analysis from a leading thinktank.

As the treasurer, Jim Chalmers, rubbished what he called dire warnings" from commentators about the impact of rising wages, a report from progressive thinktank the Australia Institute found rising corporate profits had been a major factor in Australia's inflation spike.

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