Jim Chalmers in a ‘race with Santa Claus’ to meet inflation goals

Nationals Senator Matt Canavan says Jim Chalmers is in a “race with Santa Claus” to meet his Christmas inflation target. The Treasurer has bet on a scenario where inflation will return to the target band of between two to three per cent by the end of 2024, about a year before the RBA’s prediction. “I’ve got more faith that Santa Claus is actually going to turn up at homes on Christmas Eve this year than Jim Chalmers is going to be able to get inflation down when he is spending so much of our money,” Mr Canavan said.