CANBERRA, ACT, July 29 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: inflation data, fuel excise, new Victorian Premier, new UK cabinet, One Nation
Jim Chalmers:
Well, we've just had some new data from the ABS, which shows that headline inflation moderated in both monthly and quarterly terms, and we also saw the monthly trimmed mean measure of inflation was steady as well. This means inflation has come in lower than expected, lower than forecast in the Budget or by the Reserve Bank, but it's still higher than we would like it to be.
These are welcome numbers in the circumstances, but we know that we still have an inflation challenge in our economy. What these numbers show is that inflation across a numbe...