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Chris Richardson

The government goes bold to poke the inflation bear

The Albanese government, after being cautious with its spending in 2022 and 2023, has decided to take risks this year. The greatest is that it brings the RBA off the bench.

Inflation is the everything of this budget.

Consumer sentiment is lower today than during COVID or the global financial crisis. Why are families that grumpy? Because Australian living standards have taken their biggest tumble in more than half-a-century – that’s why.

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Chris Richardson is an independent economist.

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    Original URL: https://www.afr.com/policy/economy/the-government-goes-bold-to-poke-the-inflation-bear-20240507-p5fpgq