CANBERRA, ACT, April 30 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: inflation data, May Budget, housing, tax policy, intergenerational fairness
Karl Stefanovic:
Inflation just surged to its highest level since September 2023 and already Jim Chalmers is warning the worst is yet to come. To discuss, the Treasurer joins me from Logan. Treasurer, good morning. I reckon you've lost the room in your ability to control inflation and it's a big room.
Jim Chalmers:
Morning, Karl. Certainly, the numbers that we saw yesterday were a pretty significant sense of the cost and consequences of this war in the Middle East. Those inflation numbers which were too high yesterday really do reflect the hefty price that Aus...