Australian Prime Minister Anthony Albanese faces challenges in his reelection campaign due to persistent high inflation, which delays potential interest rate relief. The Coalition is urging the government to prioritize reducing spending and tackling inflation in the upcoming May budget. Meanwhile, Treasurer Jim Chalmers is attempting to shift focus away from inflation, despite pressures. Contrarily, trade unions argue that inflation has peaked and the government should concentrate on job creation and increasing wages instead.
The Coalition will demand Jim Chalmers cut spending in the May budget to accelerate the nation’s fight against stubbornly high inflation, but trade unions say prices growth has peaked and Labor should instead focus on jobs and bolstering wages. https://t.co/LWsvrkQvqC
The Coalition is calling on the Albanese government to prioritise cutting spending and lowering inflation in the May Budget. https://t.co/yHL0pyLfA4
Australian Prime Minister Anthony Albanese faces a bumpy road to reelection with sticky inflation pushing back the timetable for interest-rate relief https://t.co/O3oC127Jia
On disinflation (Ellis, Westpac) #ausbiz https://t.co/O26NqEhPDv
The Australian Associate Editor Graham Lloyd says Jim Chalmers has been “keen” to move the conversation “past inflation”. https://t.co/Obu2afpN0U