Government ‘rolling out substantial and meaningful’ cost of living relief

Treasurer Jim Chalmers says the Albanese government is “rolling out substantial and meaningful and responsible” cost of living relief. “We are doing as much as we responsibly can, conscious of the constraints in the budget and the pressures on inflation,” Mr Chalmers told Sky News Australia. “What we are doing today, in addition to rolling out this substantial and meaningful and responsible cost of living relief, is we’re doing it in a way that puts downward pressure on inflation rather than upward pressure on inflation. “Were it not for what we are doing … inflation would be even higher in our economy.”