CANBERRA, ACT, Jan. 28 -- The Treasurer of Australia issued the following transcript:

Note

Subjects: inflation figures, cost‑of‑living relief, budget, economic reform

David Speers:

Treasurer Jim Chalmers joins me now. Welcome to the program.

Jim Chalmers:

Thanks very much, David.

Speers:

So, in the lead‑up to the election, you told voters the worst of the inflation challenge is well and truly behind us. Did you get that wrong?

Chalmers:

No, David. It remains the case that inflation is much lower than when we came to office, but it is still higher than we'd like. The numbers today didn't come in much higher than we expected, but they came in higher than we'd like. We've been up front about that throughout the cour...