CANBERRA, ACT, Oct. 28 -- The Treasurer of Australia issued the following transcript:
Jim Chalmers:
We have just got the new figures from the ABS which show that inflation ticked up in September and that the numbers in today's data are still too high. Headline inflation is up 4.3percent in the year to the month of September, compared to 4percent in August. Trimmed mean was 3.6percent in the year to September, it was 3.5 in the year to August after the revision.
In the quarterly data, headline inflation was unchanged at 3.9 through the year. Trimmed mean was 3.7, compared to 3.6 in the quarter before it. Inflation has increased in every major advanced economy in September, and that's why the markets are expecting rate rises in all of them...