The minimum wage will increase by 3.75 per cent on July 1, up from $23.23 an hour to $24.10.

The FWC said the cost-of-living wages facing households was its primary consideration in making that decision, and that the increase was consistent with forecasts of inflation returning to target next year.

The commission last year made a 5.75 per cent increase to the minimum wage, following a 5.2 per cent boost in 2022.

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