{"id":27517,"date":"2024-06-27T07:55:05","date_gmt":"2024-06-27T07:55:05","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=27517"},"modified":"2024-06-27T07:55:05","modified_gmt":"2024-06-27T07:55:05","slug":"labor-is-hurting-australian-families-and-businesses","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2024\/06\/27\/labor-is-hurting-australian-families-and-businesses\/","title":{"rendered":"Labor is hurting Australian families and businesses"},"content":{"rendered":"\n<p>Today\u2019s monthly inflation data shows Labor&#8217;s \u201ccarefully calibrated\u201d economic plan is failing Australians.<\/p>\n\n\n\n<p>With headline inflation rising to 4.0% and core inflation \u2013 the RBA\u2019s preferred measure \u2013 rose to 4.4%, Australian families and small businesses will be bracing for even more economic pain than they have already endured.<\/p>\n\n\n\n<p>No matter how the government tries to spin this, there is no doubt from today\u2019s data that this is Labor\u2019s homegrown inflation crisis with domestic inflation hitting 5.2%.<\/p>\n\n\n\n<p>Australia is at the back of the pack due to this homegrown inflation. Under Labor, Australia\u2019s core inflation is increasing, and higher than every country in the G10, including US, UK, Euro area and Canada who have seen inflation moderating.<\/p>\n\n\n\n<p>This is the result of a government that has spent the last two years completely distracted, with the wrong priorities and absolutely no interest in the economic prosperity of our country.<\/p>\n\n\n\n<p>Over the last two years of Labor the prices for everyday essentials have risen:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Food 11.4%<\/li><li>Housing 14.0%<\/li><li>Rents 14.2%<\/li><li>Electricity 21.5%<\/li><li>Gas 22.2%<\/li><li>Health 11.1%<\/li><li>Education 10.9%<\/li><li>Financial and insurance services 16.2%<\/li><\/ul>\n\n\n\n<p>Instead of showing true economic leadership, the Albanese Labor Government continues to fail Australian families and small businesses.<\/p>\n\n\n\n<p>Australia is in an entrenched household, consumer confidence and productivity recession, with no plan from Labor to fix the situation.<\/p>\n\n\n\n<p>Shadow Treasurer Angus Taylor said today\u2019s inflation data is shocking but not surprising.<\/p>\n\n\n\n<p>\u201cThis is what happens when you have a big spending Labor government that\u2019s completely out of touch with the economic reality.<\/p>\n\n\n\n<p>\u201cWe\u2019ve now had four months in a row of accelerating core inflation. This will no doubt be of concern to the independent Reserve Bank.<\/p>\n\n\n\n<p>\u201cDespite households and business owners doing everything they can to manage their budgets and make ends meet, they are constantly being let down by a weak Prime Minister and a weak Treasurer who have no idea when it comes to the economy.<\/p>\n\n\n\n<p>\u201cThe Albanese Labor Government\u2019s economic plan is failing.<\/p>\n\n\n\n<p>\u201cAustralians can\u2019t afford more of Labor.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today\u2019s monthly inflation data shows Labor&#8217;s \u201ccarefully calibrated\u201d economic plan is failing Australians. With headline inflation rising to 4.0% and core inflation \u2013 the RBA\u2019s preferred measure \u2013 rose to 4.4%, Australian families and small businesses will be bracing for even more economic pain than they have already endured. No matter how the government tries &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2024\/06\/27\/labor-is-hurting-australian-families-and-businesses\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Labor is hurting Australian families and businesses&#8221;<\/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-27517","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\/27517","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=27517"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/27517\/revisions"}],"predecessor-version":[{"id":27518,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/27517\/revisions\/27518"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=27517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=27517"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=27517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}