Treasurer Chalmers band aids over own policy failures

Friday 28 June 2024

Take a look at the below bile from Treasurer Jim Chalmers regarding the monthly CPI indicator from the ABS:

We know people are under substantial pressure, but the ABS clearly confirmed again today that inflation would be even higher if it wasn’t for our cost‑of‑living policies.

Electricity prices rose 6.5% in the 12 months to May, but without Energy Bill Relief prices would have increased 14.5%.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.