CANBERRA, ACT, June 24 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: inflation data, housing, passports, AI investment, Queensland state budget
Jim Chalmers:
Well, the new inflation numbers show that inflation came down again in monthly and in annual terms as well. Inflation came off quite substantially in the month of May and we also saw it moderate in annual terms as well. This is the second consecutive month that we've seen headline inflation fall in our economy. Today's numbers are much better than what the market expected and better than forecast. Headline inflation fell 0.7percent in the month of May, which is down from a rise of 0.4percent in April. That means headline inflation was 4percent in the...