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AAP
AAP
Politics
Andrew Brown

'Welcome progress' on inflation to come: Treasurer

Jim Chalmers Inflation RBA Sky News
Treasurer Jim Chalmers says the budget is on track to record a higher-than expected surplus. (Lukas Coch/AAP PHOTOS)

Upcoming consumer price data is set to show "welcome progress" in the fight against inflation, the treasurer says, but he warns it is too early to predict if it will fall back to the Reserve Bank's target.

Monthly inflation data for August will be released on Wednesday, and while Treasurer Jim Chalmers said the figures would be volatile, forecasts showed it was on track to ease.

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