Treasurer Jim Chalmers has warned inflation will be “significantly higher” than expected, backing the Reserve Bank’s latest assessment.
Soaring commodity prices and supply chain shortages, fuelled by the war in Ukraine, have led the RBA to predict inflation will reach as high as 7 per cent before the end of the year.
Didn't Labor tell us before the election that they had 'a plan' to fix all of Australia's problems? They promised pay rises, cheaper food and petrol prices, free childcare etc. To date all we have seen is these incompetent freeloaders on neverending junkets overseas.
We all knew 5.1% was the start. Labor/actu got their 5.2% wage hike for 2.3m people, inflation will explode, interest rates to soar sharper & faster, jobs will go, marginal home loans to collapse. How will people cope with these costs & no job? Thanks Jim & Sally. Muppets.
Yes but he has a plan remember 😂
You said you would keep it low Jim. You either lied or have no idea what you are talking about.
It is amazing that Putin and his war were able to light the inflation fuse well over a year before the war even began. God he’s good!
Raise rates.
2022 Albo vote for me only Labor can lower the cost of living. 2022 Morrison gov 3 years cost of gas went down 70%. 8% reduction on Elc bills & cut Petrol by 22cents Lt. 2nd Month Albo overseas spending hasn’t stopped & Nothing Yet on Cost of living in Australia?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Chalmers wants RBA board ‘diversity’Treasurer Jim Chalmers has signalled his interest in shaking up the business-dominated RBA board to ensure its diversity is representative of industries, workers, geography and gender. Another Labor brain fart Basic competence would be a good start tbh. Lefties don't like conservative voices of influence ?
Source: FinancialReview - 🏆 2. / 90 Read more »
Jim Chalmers says inflation will go higher, but unions are right to push for higher wagesTreasurer says it is ‘uncontroversial’ for unions to note that wage rises are below inflation, and suggests there may be a place for workers’ representative on RBA board Jim and AnAl are liars, they promised under them with their plan cost of living would go down and wages up, yet since they took office prices are skyrocketing out of control with no end in sight.. So then labor is also supportive of higher unemployment! Labor and union trash! No regard for consequences only the lining of their own pockets!
Source: GuardianAus - 🏆 1. / 98 Read more »
Treasurer flags dire economic outlookJim Chalmers has insisted the government will follow through on its promise for real wages growth but has warned of “significantly higher” inflation to come this year. That was caused by the previous government? It’s ok. Sleepy glen stevens said no rate hikes till 2024. So obvious inflation closer to 20-30%. Wake up… Why does this fool still have a job 🙄 But he had a plan! 😂
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Inflation to be ‘significantly higher’ than expected: ChalmersInflation will be “significantly higher” than forecast in the most recent budget, Treasurer Jim Chalmers has revealed while also warning the cost of servicing government debt is rapidly increasing. | swrighteconomy swrighteconomy Who would have thought. You just have to look at other countries swrighteconomy 'All those things we promised you? Yeah, about that...' swrighteconomy Charmers must be the only person who didn’t realise inflation was going to be higher. He only had to look what is happening around the world. Unfortunately he is only interested in scoring political points and trying to blame Libs for inflation.
Source: theage - 🏆 8. / 77 Read more »
Future make up of RBA board a 'key consideration' going forward, says Federal TreasurerFederal Treasurer Jim Chalmers throws his support behind calls for the Reserve Bank board to be more representative of the broader Australian community, following scathing criticism that it is out of touch with workers demanding wage increases. Good God, last thing this country needs is an ACTU representative on the RBA board. Get rid of Lowe and who ever was working with him the last few years then. Totally incompetent. Withdrawals of 8 billion dollars have become impossible in People's Republic of China. May 27, 2022 ANN News via
Source: abcnews - 🏆 5. / 83 Read more »
'We tried to be reasonable': Jim Chalmers addresses backlash over crossbench staff cutsTreasurer Jim Chalmers believes the reduction in advisers a crossbencher can hire is reasonable and brings it more in line with backbenchers in major parties: No need to justify cuts for politicians, keep cutting. So as a politician he didn't already know that? Also how did they try be 'reasonable'? Then, got too defensive and now attempt to slash helping hands. Has anyone asked what cafe owner think about it?
Source: SBSNews - 🏆 3. / 89 Read more »