Treasurer Jim Chalmers has accused the opposition of feeling down-trodden whenever inflation falls, as he responded to a question from shadow treasurer Tim Wilson.
The question Chalmers was asked, was: “Inflation has risen from 3 per cent to 3.6 per cent over the last year, under this treasurer, interest rates have gone up 15 times, increasing the costs of a typical new mortgage by $30,000 a year. Following the treasurer’s failed budget of broken promises and higher taxes, was the treasurer’s promise of inflation has turned the corner, a further broken promise, or is it just due to economic incompetence?”
Chalmers began his response by saying: “Nothing darkens their mood like another fall in inflation, and that’s what we saw in the figures today.
“The second consecutive month we saw inflation go down in our economy, which is terribly inconvenient to those opposite … but a welcome outcome, nonetheless,” Chalmers said.
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