CANBERRA, ACT, Jan. 28 -- The Treasurer of Australia issued the following media release:
New figures from the Australian Bureau of Statistics show inflation has increased but remains much lower than its peak and much lower than we inherited.
This increase was unwelcome but unsurprising.
Temporary factors drove some of the tick up, with inflation still expected to decline over time.
Inflation has eased substantially since we came to office but is still higher than we'd like.
Headline inflation was 3.8percent through the year to the month of December. This compares to 3.4percent through the year to November.
The monthly measure of underlying inflation was 0.2percent in the month, down from 0.3percent in the previous month. In annual ter...