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The Guardian - AU
The Guardian - AU
National
Patrick Commins Economics editor

Nobody wanted to say ‘mission accomplished’ on inflation – certainly not Jim Chalmers. But he was surely thinking it

Jim Chalmers and Chris Bowen in suits and sunglasses
Jim Chalmers, right, kicked off an economic roundtable last month boasting about progress driving down inflation, which has inconveniently jumped back up in the latest figures. Photograph: Darren England/AAP

“Real wages are growing at their strongest rate in five years, inflation has a two in front of it and interest rates have been cut three times in the last six months.”

It was just last month that Jim Chalmers kicked off his economic reform round table with that familiar spiel, ticking off the economy’s happy progress over recent years.

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