Jim Chalmers 2022

The Albanese Government is reforming the Petroleum Resource Rent Tax (PRRT) to deliver a fairer return to the Australian community from their natural resources.

PATRICIA KARVELAS:

Over the next day and a half, I will take part in a series of meetings with Pacific counterparts to strengthen economic and bilateral relations in our region.

This is about forging even closer ties with our Pacific partners.

SARAH FERGUSON:

Treasurer, welcome to 730.

JIM CHALMERS:

Thanks very much, Sarah.

FERGUSON:

Annual inflation is slightly up, but not as much as predicted by forecasts. What does this mean for households?

CHALMERS:

KIERAN GILBERT:

MATTHEW HALLIDAY:

JIM CHALMERS:

Today we got important new data for inflation in our economy. And what that showed was that headline inflation in the June quarter was 1 per cent and 3.8 per cent through the year. Trimmed mean inflation was 0.8 per cent and 3.9 per cent through the year to June 2024.

ABS data released today shows that underlying inflation has moderated, which indicates the momentum of inflationary pressures is downwards, and that headline inflation is in line with the RBA’s forecasts.

Headline CPI increased 3.8 per cent through the year to the June quarter 2024.

TOM ELLIOTT:

Our next guest is the Federal Treasurer, Jim Chalmers. Good morning.

JIM CHALMERS:

Good morning, Tom. How are you?

ELLIOTT:

Well, good. So, is Rex going to keep flying, do we think?

CHALMERS:

JAMES GLENDAY:

So, let’s get more on this story and go straight to the Treasurer, Jim Chalmers. Treasurer, good morning.

JIM CHALMERS:

Good morning.

GLENDAY: