Yesterday’s Consumer Price Index data highlights the pain Australians are feeling under Labor.

Dear
Friend,
Yesterday’s Consumer Price Index data highlights the pain Australians are feeling under Labor. In the last 15 months:

• The cost of food is up 8.2%
• The cost of housing is up 10.4%.
• The cost of insurance is up 17.3%.
• The cost of electricity is up 18.2%.
• The cost of gas is up 28.0%.

Australia’s inflation is now higher than most advanced economies.

Higher inflation means more pressure on interest rates.

A family with a $750,000 mortgage is paying $22,000 more per year on their repayments.

Renters are experiencing the highest increases since 2009.

Australians are now working more hours for less. Workers are also paying 15% more income tax.

The reality is, the Albanese Labor Government has had its eye off the ball.

It has been obsessed with its $450 million referendum and not done enough to tame inflation.

In fact, it’s economic and energy policies are making inflation worse.

The fight against inflation needs to be priority one, two and three.

Unfortunately, that’s not what we’re seeing right now and it’s hard-working Australians left paying the price.

Regards,
Angus Taylor
Shadow Treasurer


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Authorised by A. Hirst for the Liberal Party of Australia.
Corner of Blackall and Macquarie Streets, Barton ACT 2600.
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