Treasurer Says Labor Not ‘Artificially’ Lowering Inflation

The minister’s comments come as new ABS figures reveal a 3-year-low for Australia’s inflation rate.

Federal Labor Treasurer Jim Chalmers speaks to the media during a press conference at the Commonwealth Parliamentary Offices in Brisbane, Australia on Sept. 25, 2024. AAP Image/Darren England

Treasurer Jim Chalmers has responded to the latest inflation figures calling it “heartening.”

Chalmers emphasised that the numbers show a drop in both headline and underlying inflation, a sign that the government’s cost-of-living measures are making a real impact.