Dec 03, 2025 (The Australian - ABIX via COMTEX) --
Last week's figures showing a headline inflation rate of 3.8 per cent and underlying inflation of 3.3 per cent were met with relative silence from Treasurer Jim Chalmers. The Reserve Bank had forecast in August that underlying inflation would continue to moderate to around the midpoint of the central bank's target range of 2-3 per cent. Meanwhile, the Australian economy has been essentially moving sideways for more than two years; the key measure of GDP per capita has been negative or zero for most of this period. The only newsworthy economic event still to come this year is the mid-year economic and fiscal outlook. A continuation of the universal electricity rebate can be expected. This decision will be driven by political considerations and not good economic policy; however, this sums up most aspects of the economic management of the current federal government..
Publication Date: 4 December 2025
AUSTRALIA. DEPT OF THE TREASURY
RESERVE BANK OF AUSTRALIA
COMTEX_470778076/2229/2025-12-03T16:49:32
By Judith Sloan
Copyright 2025 Roy Morgan Research. All Rights Reserved.
