Millions of Australians could be in for a cash boost with the inflation challenge expected to get worse before it gets better. 7NEWS
A half-yearly indexation rise for pensions is set to kick in from September 20, with inflation sitting on 5.1 per cent and expected to push higher by the end of the year.
Chalmers said he would update the government’s expectations for inflation, as well as growth and wages, in late July when the new parliament session opened. “We understand that pensioners are doing it incredibly tough when it comes to their costs of essentials like groceries, electricity and petrol and in other parts of the household budget.
The Australian Bureau of Statistics will on Wednesday release its building activity report for the March quarter, which will include estimates of the number of new dwellings and “work yet to be done”.
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