Labor MP Andrew Charlton says the government and Reserve Bank’s forecast of inflation lowering in the coming years is “pretty realistic”.
“The government is forecasting inflation to go down from about six per cent to a little over three per cent next year and then down to 2.75 per cent the following year,” Mr Charlton told Sky News host Sharri Markson.
“People should know that that is almost exactly in line with the independent Reserve Bank’s forecast. “This is a pretty steady trajectory over two years to get back to where inflation was a couple of years ago.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Labor to forecast first budget surplus in 15 yearsLabor is expected to forecast the first federal budget surplus in 15 years, on the back of a significant surge in revenue driven by soaring iron ore, coal and gas prices. 9News
Read more »
Labor throwing money at inflation will only ‘make it worse’Shadow Treasurer Angus Taylor says high inflation is coming from Canberra with 'Labor policies' resulting in higher cost of living pressures. “Inflation is different from the other crises we’ve faced in recent years … if you throw money at inflation, you make it worse,” Mr Taylor told Sky News host Amanda Stoker. “Right now, the inflation … the cost-of-living pressure we’re seeing so many families facing and the high interest rates that have resulted from that, they are coming from Canberra … from Labor policies.”
Read more »
A 'stale white nation' with a 'trash' music industry: Azealia Banks' fresh swipe at AustraliaMonths after vowing never to return to Australia, American rapper Azealia Banks has taken another swipe, labelling the nation 'one of the most culturally stale white nations on the planet'.
Read more »