Australia's easing inflation has given the government hope – but there's a long way to go until victory can be declared
1 year, 8 months ago

Australia's easing inflation has given the government hope – but there's a long way to go until victory can be declared

ABC  

It's a long while since the treasurer has been able to use those words when talking about inflation. There's been undeniable pain along the way for all those hit by higher rates, but the unemployment rate, remarkably, remains at near record lows of 3.5 per cent. Loading The political arm-wrestling goes on The economy, for now at least, remains well and truly on Lowe's "narrow path" towards an eventual inflation rate of between 2-3 per cent, without falling off a cliff into recession along the way. It's been a similar story in the United States, where unemployment remains at 50-year lows of 3.5 per cent, despite a series of interest rate hikes to bring inflation under control. Far from welcoming yesterday's numbers, Shadow Treasurer Angus Taylor says inflation remains "rampant".

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History of this topic

Has Australia's economy turned the corner? Angus Taylor has a warning
2 weeks, 4 days ago

Has Australia's economy turned the corner? Angus Taylor has a warning

ABC  

Economists say Australia has turned a corner. Last week, he said labour productivity was still "disastrous" in Australia and the purchasing power of our wages had deteriorated "disastrously" since Labor won the election in 2022. By the time the 2022 election was held, the "real" value of our wages had already deteriorated so much that our wages were buying less …

Treasurer Jim Chalmers all smiles as he says 'worst of inflation challenge' behind us — as it happened
1 month, 3 weeks ago

Treasurer Jim Chalmers all smiles as he says 'worst of inflation challenge' behind us — as it happened

ABC  

There's no doubting it: this is a good inflation number, and that's good news for the federal government. Inflation on the Reserve Bank's preferred measure is now very close to its target range, and a cut may not be assured, but it's definitely on the table, either at the February meeting or in April. But he also boasted Australia will …

PETER VAN ONSELEN: Jim Chalmers' excuses for Australia's inflation crisis spectacularly unravel - with two key stats easily blowing apart the garbage Treasurer is peddling
7 months, 3 weeks ago

PETER VAN ONSELEN: Jim Chalmers' excuses for Australia's inflation crisis spectacularly unravel - with two key stats easily blowing apart the garbage Treasurer is peddling

Daily Mail  

Treasurer Jim Chalmers wants you to believe that rising inflation isn't his fault. Under pressure: Jim Chalmers' excuses for Australia's 'sticky' inflation crisis are unravelling He wants you to focus on the fact inflation is lower now than when Labor came to power. In other words Australia's rising inflation - a quarterly adjusted figure of 3.8 per cent - is …

Inflation further cools in Australia as confidence of ‘soft landing’ grows
1 year, 1 month ago

Inflation further cools in Australia as confidence of ‘soft landing’ grows

Associated Press  

SYDNEY — Inflation in Australia has slowed to its lowest rate in three years, the country’s official statistics agency said Wednesday, raising hopes of a “soft landing” for the nation’s economy. While the CPI is still above the Reserve Bank of Australia’s target band of 2-3%, the bigger than expected slowdown will raise mortgage holders’ hopes that relief on interest …

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