Inflation is a huge problem for Australia.
Australia’s core inflation is higher than the US, Singapore, Germany, Japan, Italy, South Korea, Canada, France, and the entire Euro area (as at September 2024).
The reason interest rates have gone up 12 times is because the Government can’t control its spending – and because of its reckless energy policy.
Labor Budgets have lifted spending by a staggering $347 billion – or $33,000 per Australian household.
The Reserve Bank Governor has sounded the alarm on inflation being home-grown.
A Liberal government will deliver a back-to-basics economic plan.
This includes reining in inflationary spending, winding back regulatory roadblocks, lower taxes and more affordable and reliable energy.
We will also stand up for consumers, small businesses and farmers by delivering stronger penalties for anti-competitive behaviour in the supermarket and hardware sectors.