Australia's Treasurer Jim Chalmers expects August consumer price data to show progress in reducing 3.5% inflation.
Australia's Treasurer Jim Chalmers anticipates that upcoming consumer price data for August will indicate progress in reducing inflation, currently at 3.5%, which is above the Reserve Bank's target of 2-3%. The data release follows a period of steady interest rates at 4.35% since November. Additionally, Chalmers noted the budget is likely to show a higher surplus due to reduced government spending, with final figures expected in September.
September 22, 2024
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