CANBERRA, ACT, Nov. 26 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: October inflation figures, electricity prices, mid-year economic outlook
Jim Chalmers:
Well, inflation was flat in the month of October but ticked up in annual terms. Annual through‑the‑year inflation is higher than we'd like, but it is much, much lower than we inherited from our predecessors. What we saw was inflation of 0.0 in October, but we do acknowledge that the through‑the‑year number was higher than we'd like it to be, but driven, partly, by temporary factors like the removal of state energy rebates.
We understand that Australians are still under pressure, and that's why our cost‑of‑living hel...