SYDNEY , Australia (AFP) — Australia raised the minimum wage by over five percent on Thursday, a slower-than-inflation increase as prices for basic goods soar. The Fair Work Commission set the new minimum rate at Aus$21.38 (US$14.75) an hour, a 5.2 percent increase. Inflation is forecast to hit seven percent by the end of the year, according to central bank governor Philip Lowe. Food, fuel and other costs have been pushed higher by Russia’s invasion […]