CANBERRA, ACT, July 30 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: quarterly inflation figures, productivity, Reform Roundtable
Jim Chalmers:
These are very welcome inflation numbers. They are a powerful demonstration of the progress that Australians have made together in the fight against inflation.
These numbers represent remarkable, outstanding progress when you consider that when we came to office headline inflation was 3 times higher than what it is in these numbers today.
What we've seen today is quarterly inflation, monthly inflation, headline and trimmed mean, goods and services inflation all come down. This is the lowest inflation in almost 4years. These are very pleasing, very welcome, absol...