Summary of Findings

Average Level of Settlement 6.3%
Working Days lost 4.9m
1 JANUARY TO 31 DECEMBER 2023

  • The average level of settlement at the end of December 2023 was 6.3% compared with the overall average of 6.0% in 2022.
  • We anticipate that wages will level out in the 6.5% to 7.2% range during 2024.
  • The CPI moved from 6.9% in January to 5.1% in December 2023 and averaged 6.0% compared with an average of 6.9% in 2022.
  • The average minimum wage across all sectors . . .

     

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