The June Quarter Consumer Price Index (CPI) shows inflation is still running rampant at 6%.<\/p>\n\n\n\n
Core inflation in Australia at 5.9% remains among the highest of the world\u2019s advanced economies.<\/p>\n\n\n\n
Shadow Treasurer Angus Taylor said the data tells us what we know Australians are feeling every single day \u2013 prices are not coming down.<\/p>\n\n\n\n
\u201cAustralians are feeling it when they pay their mortgages, their rent, their energy bills, their groceries,\u201d Mr Taylor said.<\/p>\n\n\n\n
\u201cThe latest labour force data shows Australians are having to work more hours just to make ends meet.<\/p>\n\n\n\n
\u201cInflation is coming from Canberra because the Albanese Labor Government is failing to fight inflation first.<\/p>\n\n\n\n
\u201cInstead, it has the foot on the accelerator while the Reserve Bank is pumping the brake and when this happens, you blow up the engine.<\/p>\n\n\n\n
\u201cLabor\u2019s dangerous cocktail of policies are making a bad situation worse.<\/p>\n\n\n\n
\u201cThe test for this government from here is to get inflation back to the Reserve Bank\u2019s target rate of 2-3% and keep it there while maintaining a strong economy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The June Quarter Consumer Price Index (CPI) shows inflation is still running rampant at 6%. Core inflation in Australia at 5.9% remains among the highest of the world\u2019s advanced economies. Shadow Treasurer Angus Taylor said the data tells us what we know Australians are feeling every single day \u2013 prices are not coming down. \u201cAustralians … Continue reading “Labor failing to fight inflation first”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-21985","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/21985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=21985"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/21985\/revisions"}],"predecessor-version":[{"id":21986,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/21985\/revisions\/21986"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=21985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=21985"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=21985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}