CANBERRA, ACT, April 29 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: new CPI data, Tim Wilson, tax policy, Pauline Hanson and Gina Rinehart, May Budget, fuel excise
Jim Chalmers:
These new numbers from the ABS show that inflation ticked up as expected in the month of March, largely because of global pressures. These numbers show that Australians are paying a hefty price for the war in the Middle East. These are the costs and consequences of a major conflict on the other side of the world, and it's another reminder that from an economic point of view, an enduring end to this war in the Middle East can't come soon enough.
If you look at the monthly data, headline inflation was 4.6percent in the 12months t...