Greg Jericho

In light of the inflation figures showing that the official CPI is now 2.1% and underlying inflation is at 2.7% and the monthly measure has inflation at just 1.9% – which is actually below the RBA’s target – I suspect the new Shadow Treasurer Ted O’Brien might wish to take back this little suggestion he put in a question to Jim Chalmers on Monday when he said:

“Mr TED O’BRIEN (Fairfax—Deputy Leader of the Opposition) (14:30): My question goes to the Treasurer. Under Labor there have been 12 interest rate increases, inflation remains too high….

Oops. The Treasurer, might be noting that today should he be in the mood to be a tad mischievous.