Jim Chalmers warns inflation fight is not over despite two-year low

Australia's inflation rate has fallen to four point three per cent, its lowest level in two years. The reading is lower than markets had anticipated, however, economists warn the likelihood of an interest rate cut before June is looking unlikely. Treasurer Jim Chalmers has warned, despite the new figures, the fight to control inflation is not over. Ahead of the May budget, Mr Chalmers is under pressure to address cost of living concerns. He has warned that despite the low yearly inflation figures, Australia is “a long way from prevailing” in the inflationary battle.