CANBERRA, ACT, May 27 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: latest inflation data, changes to capital gains tax, concessions for small business
Jim Chalmers:
Inflation came down more than expected in April, and that's a good thing, but we know that inflation is still too high in our economy. We've had an inflation challenge in our economy, which is made worse by the war in the Middle East. And what we see in these numbers is some encouraging numbers, but also, we understand that inflation is too high in these numbers, and that's why it's a big focus of the government. The moderation in the figures, as I said, was much better than the median expectation of the market. That's a very welcome developm...