A reawakening of the inflation dragon is not expected to end Australian workers' record run of real wages growth just yet.

Pay packets are expected to have grown in real terms for an eighth consecutive quarter in September, the Australian Bureau of Statistics will likely reveal when it publishes the latest edition of its wage price index on Wednesday.

Market economists estimated that wages grew at 3.4 per cent on an annualised basis in the three months to September 30, the same percentage increase as occurred in the preceding quarter.

But whereas in June that amounted to a 1.3 per cent increase in real wages, a sharp spike in inflation to 3.2 per cent in September means workers saw their actual improvement in income compared to consumer prices narrow significantly.

If the economic cons

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