\u201cNew inflation data shows Australia has been left vulnerable and exposed because the Treasurer\u2019s active inflation agenda has been left to persist even before the inflation consequences of the global crisis,\u201d said Shadow Treasurer, Tim Wilson, today.<\/p>\n\n\n\n
Mr Wilson\u2019s comments follow the release of the ABS\u2019 February inflation data.<\/p>\n\n\n\n
In February, prior to the start of the Iran conflict, inflation was running hotter here than in every major advanced economy.<\/p>\n\n\n\n
At 3.7 per cent, inflation here is greater than France 0.9 per cent, Japan 1.3 per cent, Italy 1.5 per cent, Canada 1.8 per cent, Germany 1.9 per cent, United States 2.4 per cent, and the United Kingdom 3.0 per cent.<\/p>\n\n\n\n
\u201cAustralians have lost confidence in Labor\u2019s management of the economy and the Treasurer\u2019s excuses as his active inflation agenda squeezes household budgets and new data confirms plummeting consumer confidence and skyrocketing inflation expectations.<\/p>\n\n\n\n
\u201cThe most persistent inflation is homegrown – risen from 4.9 to 5.0 per cent – and fuelled by the Treasurer\u2019s active inflation agenda that is pouring debt petrol on the inflation fire.\u201d<\/p>\n\n\n\n
Shadow Treasurer Tim Wilson said the latest CPI data confirms inflation remains a persistent challenge and combined with record low consumer confidence data, showed Labor was taking the country further behind.<\/p>\n\n\n\n
\u201cAustralians are being hit from both sides. Their confidence is falling while their cost of living keeps rising,\u201d Mr Wilson said.<\/p>\n\n\n\n
\u201cUnder Labor, we are heading for a lost decade of productivity, leaving every Australian around $35,000 worse off.<\/p>\n\n\n\n
\u201cThis reflects what families already know\u2014their pay packets are not going as far, and the pressure is not easing.<\/p>\n\n\n\n
\u201cInstead of easing pressure, government spending is adding to inflation risks at a time when Australians need relief.\u201d<\/p>\n\n\n\n
\u201cAustralians are already paying the price through higher mortgages, groceries and energy bills. They need a government focused on restoring stability, not adding to uncertainty.\u201d<\/p>\n\n\n\n
Mr Wilson said Australia needs a renewed focus on economic discipline.<\/p>\n\n\n\n
\u201cThat means getting spending under control, restoring respect for taxpayers, and backing policies that lift productivity so hard work pays off again,\u201d he said.<\/p>\n\n\n\n
\u201cAustralians deserve an economy where they can get ahead, not one where they feel like they\u2019re falling behind.<\/p>\n\n\n\n
\u201cWe know under the Albanese government there\u2019s plenty of fuel for inflation, just not for farmers and families. Only the Coalition will protect Australians\u2019 way of life and restore their standard of living,\u201d Mr Wilson said.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201cNew inflation data shows Australia has been left vulnerable and exposed because the Treasurer\u2019s active inflation agenda has been left to persist even before the inflation consequences of the global crisis,\u201d said Shadow Treasurer, Tim Wilson, today. Mr Wilson\u2019s comments follow the release of the ABS\u2019 February inflation data. In February, prior to the start … Continue reading “New data confirms Treasurer left Australia exposed to current crisis through his active inflation agenda”<\/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-38109","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\/38109","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=38109"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/38109\/revisions"}],"predecessor-version":[{"id":38110,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/38109\/revisions\/38110"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=38109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=38109"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=38109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}