Today\u2019s monthly Consumer Price Index (CPI) data is a reminder of the extraordinary financial pain that hardworking Australian families are experiencing because of the Albanese Labor Government\u2019s bad policies.<\/p>\n\n\n\n
Core inflation \u2013 the RBA\u2019s preferred measure, the trimmed mean – rose to 3.9%, which is still well above the RBA\u2019s target band.<\/p>\n\n\n\n
Since Labor came to power the price of everyday essentials for Australian families have all gone up:<\/p>\n\n\n\n
These numbers are stark but they won\u2019t come as a surprise for hardworking Australians who are at the coal face of Labor\u2019s cost of living crisis.<\/p>\n\n\n\n
Over the last two years of the Albanese Labor Government, Australians\u2019 living standards have collapsed, and this government has no plan to restore it.<\/p>\n\n\n\n
Shadow Treasurer Angus Taylor said Australians face highly uncertain economic times and the future looks grim under Labor.<\/p>\n\n\n\n
\u201cThe Albanese Labor Government is patting themselves on the back, pointing to the headline figure of 3.4%. But core inflation has risen to 3.9%.<\/p>\n\n\n\n
\u201cThis government keeps telling Australians they\u2019ve never had it better. Well that just shows how out of touch Labor is.<\/p>\n\n\n\n
\u201cSpeak to any ordinary Australian on the street and they will tell you that cost of living pressures have gotten worse since the 2022 election.<\/p>\n\n\n\n
\u201cThe damage has been done to household budgets. Under this government, we\u2019ve seen prices for the basic necessities like food, insurance and power, soar.<\/p>\n\n\n\n
\u201cThe economy has shuddered to a halt. And instead of the government getting its priorities right, hardworking Australians have been left to do the heavy lifting.<\/p>\n\n\n\n
\u201cPeople are being stretched to the absolute limit because Labor keeps taking from family budgets to bolster its own.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Today\u2019s monthly Consumer Price Index (CPI) data is a reminder of the extraordinary financial pain that hardworking Australian families are experiencing because of the Albanese Labor Government\u2019s bad policies. Core inflation \u2013 the RBA\u2019s preferred measure, the trimmed mean – rose to 3.9%, which is still well above the RBA\u2019s target band. Since Labor came … Continue reading “Labor’s inflation is hurting Australian families”<\/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-26019","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\/26019","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=26019"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/26019\/revisions"}],"predecessor-version":[{"id":26020,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/26019\/revisions\/26020"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=26019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=26019"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=26019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}