"people earning roughly less than $806 a week — slowed to an annual rate of 3.7 per cent in June, down from a peak of 7.5 per cent in late 2022"
With inflation dropping from 9.1% in June 2022 to 2.7% in June 2025, real wages for these low earners are now growing for the first time in years. The Financial Times failure to mention this context makes me question their motives.
With inflation dropping from 9.1% in June 2022 to 2.7% in June 2025, real wages for these low earners are now growing for the first time in years. The Financial Times failure to mention this context makes me question their motives.