25 April

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wage growth rate same from 1990 to end 2006, 2.6% annual rate, end ’06 to ’12 0.6% end of: 1989 71.3 end ’99: 100 end of: ’05 114.8 ’06 119.6 ’11 121.5 ’12 123.7

Cumulative Increases at Various Annual Rates of Change