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Employers warn of inflationary risk from today's higher than expected pay rise

While the ACTU has welcomed the AFPC's across-the-board $21.66 increase to minimum rates today as "recognising that working families are doing it hard" and the Federal Government has described it as "appropriate", the ACCI maintains the pay rise is "economically risky", and the AiG says it is "on the high side of expectations and will add to the pressures already on business".