For the past 30 years or so, the RBA has targeted an inflation rate of 2-3%. But the rationale for a rate that low was always weak, and has since broken down.
Politics with Michelle Grattan: Treasurer Jim Chalmers on the ‘spiky’ parts of Australia’s inflation problem
Michelle Grattan speaks with the New Treasurer Jim Chalmers as he intends to deliver a "pretty blunt, pretty frank" assessment of Australia's challenges to parliament soon after it returns
Inflation, a slowdown in China and recessions in the US and elsewhere are big risks. Labor’s mandate is limited. It needs to build the case for an expanded one now.
Our experts weigh up the winners and losers in a budget that had to balance an immediate cost-of-living crisis with long-term ambitions for health and climate change.
Russia’s invasion isn’t only devastating the lives of ordinary Ukrainians but is also disrupting global supply chains and increasing poverty around the world.
Allowing the sale of gasoline that’s 15% ethanol year-round won’t have much impact on gas prices, but recent research shows that growing corn for fuel affects the climate – for the worse.