Wages rising faster than inflation

After-tax wages are continuing to rise faster than prices, helping New Zealand families get ahead.

The Government appreciates that things remain challenging for many families. But the real after-tax average wage increased 2.5 per cent in the past year, after taking into account all consumer price increases including food prices and the one-off rise in GST last October.

And since September 2008 real after-tax average wages have gone up 10 per cent. This compares with just 4 per cent over the previous nine years.

National is committed to helping New Zealanders get ahead and enjoy higher incomes and lower interest rates.

More information: http://www.national.org.nz/Article.aspx?articleId=36242