Inflation crisis deepens
ECONOMIC mismanagement and reckless spending is crippling the country.
The Labor government can try spin it however they want, but Australians will attest that things are getting harder by the day.
Labor’s homegrown inflation crisis is spiralling out of control.
The Prime Minister promised the Australian people that life would be “cheaper” under him.
The treasurer said getting on top of inflation was his number one priority.
But the government has simply failed.
The inflation data this week just shows how tough Australian families are doing it at the moment.
Headline inflation rose to 4.0 per cent and core inflation – the RBA’s preferred measure – rose to 4.4 per cent.
Core inflation has now increased for four months in a row.
It is at its highest levels this year.
This is the result of a government that has spent the last two years completely distracted, with the wrong priorities and absolutely no interest in the economic prosperity of our country.
Wherever I go in the Forde electorate, I hear a consensus.
People tell me they’re struggling more than ever.
That sentiment is ubiquitous.
A lot of locals are at breaking point and the potential for another rumoured rate rise would be sending chills down their spines.
We want to see the government take this seriously and use their fiscal levers, not just rely on the RBA to do all the heavy lifting to bring down inflation.
Food is up 11.4 per cent, electricity is up 21.5 per cent and there’s seemingly no end in sight for rent rises.
According to analysis done by SuburbTrends, people in Forde spend, on average, 33.14 per cent of their income on rent.
In the last 12 months, the average rental increase across Forde is 10.57 per cent.
Some of the steepest increases in Queensland.
This is life under a Labor government.
This is what happens when you have a big spending government that’s completely out of touch with the economic reality.
The Albanese Labor government’s economic plan is failing and you’re paying the price for it.
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