For inflation to rise by more than 3% - wages need to grow above 3.75%
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0%
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0%
Jun-2008
Jun-2008
Sep-2008
Sep-2008
Sep-2011
Sep-2011
Jun-2020
Jun-2020
Sep-2020
Sep-2020
Dec-2020
Dec-2020
Wages growth
Inflation
