‘Substantial progress’: Jim Chalmers addresses November inflation figures

Treasurer Jim Chalmers has welcomed the “substantial progress” in bringing down inflation after the latest data was released by the Australian Bureau of Statistics. Australia’s headline inflation has risen to 2.3 per cent for the month of November while underlying inflation fell from 3.5 per cent to 3.2 per cent. “Underlying inflation coming down in November is a very encouraging and welcome sign of the substantial and significant and sustained progress that Australians have made together in this fight against inflation over the last couple of years,” Mr Chalmers said during a media conference.