Jim Chalmers 2022

New figures from the Australian Bureau of Statistics show inflation has increased but remains much lower than its peak and much lower than we inherited.

This increase was unwelcome but unsurprising.

Temporary factors drove some of the tick up, with inflation still expected to decline over time.

Amanda Rishworth:

Australia’s job market continues to deliver strong outcomes under the Albanese Government, with a record number of people in work, and the unemployment rate remaining low.

Sally Sara:

Jim Chalmers is the federal Treasurer and joins me in the studio this morning. Treasurer, welcome back to Breakfast.

Jim Chalmers:

Thanks very much, Sally.

Sara:

What do you make of these developments overnight in Davos?

Chalmers:

The OECD’s survey on Australia released today highlights the recovery in our economy and the Government’s responsible economic management in uncertain times.

This report is a powerful endorsement of Labor’s economic management and reform agenda.

Deputy Speaker –

On weekends at kids’ sport, and at fetes and festivals there’s often a volunteer medic there to tend to bumps and bruises, and sprained ankles.

In the Jewish community that first aid is often provided by Hatzolah, a first responder group.

Yaakov Super, who is in the gallery with us today, is a volunteer medic with Hatzolah.

John Hill:

I’d like to welcome everyone here today to Pan Pacific. We are Queensland’s only licensed solar recycler, and this is a combination of 20 years of research and development that has gone into being able to make this happen.

Today I will travel to the United States for a series of meetings with international counterparts about critical minerals and the global economy.

This is all about making Australian workers and businesses big beneficiaries of the big shifts that are shaping the global economy.

Today I have released the Centre for Population’s 2025 Population Statement which provides updated and comprehensive data on Australia’s population.

This statement highlights Australia’s changing demographics and will help inform our approach to building a stronger economy and lifting living standards.

New figures from the Australian Bureau of Statistics show both headline and underlying inflation fell in annual terms in November.

The moderation in today’s result is very welcome and very encouraging.

Today’s headline result was better than what the market and economists expected.