Labor MP Andrew Charlton has commented on inflation “coming down very rapidly” to a rate of 0.6 per cent per quarter, which is “down by two-thirds” since the start of the Albanese government.
The Australian Bureau of Statistics announced yesterday that wages grew by 4.2 per cent during 2023 – the biggest wage rise since 2009.
“The government doesn’t comment on decisions by the independent Reserve Bank, but they take in a whole range of factors into their interest rate decisions, and a lot of the factors that we’re looking at are heading in the right direction,” Mr Charlton told Sky News Australia.
Inflation ‘coming down very rapidly’: ‘Down by two-thirds’ since start of Labor govt
“We have inflation coming down very rapidly – we inherited inflation running on a quarterly basis at 1.8 per cent per quarter; we now have it at 0.6 per cent.
“It’s come down by two-thirds.
“That gives the RBA more room to move when they’re making interest rate decisions.”
News Related-
High court unanimously ruled indefinite detention was unlawful while backing preventive regime
-
Cheika set for contract extension as another Wallabies head coaching candidate slips by
-
Analysis-West's de-risking starts to bite China's prospects
-
'Beyond a joke' Labor won't ensure PTSD protections: MP
-
Formula One season driver ratings: Lando Norris shines as Max Verstappen nears perfection
-
Catalina golfer Tony Riches scores Guinness World Record four holes in one on same hole
-
Florida coach Billy Napier fires assistants Sean Spencer, Corey Raymond with expected staff shakeup ahead
-
Rohingyan refugee NZYQ accidentally named in documents published by high court
-
Colorado loses commitments of 2 more high school recruits
-
Queensland Health issues urgent patient safety alert over national bacteria outbreak
-
Townsville Community Pantry 'distressed' by fruit, vegetable waste at Aldi supermarket
-
What Is The Beaver Moon And What Does It Mean For You?
-
Labor senator Pat Dodson to resign from politics due to health issues
-
Hamas releases 11 more hostages, as Israel agrees to extend ceasefire