CANBERRA, ACT, July 30 -- The Treasurer of Australia issued the following media release:
New figures from the ABS show that headline and underlying inflation have both fallen to their lowest rates in almost fouryears.
Data released today was better than expected and confirms both headline and underlying inflation were in the RBA's target band in the June quarter 2025.
Monthly headline inflation is just below the band at 1.9percent and at its lowest since early 2021.
This is welcome and encouraging news.
It's an outstanding result which confirms we are sustainably in the band with substantially lower inflation.
Under Labor, inflation is falling, unemployment is low, real wages and living standards are growing again, more than 1.1millio...