Shifts in Economic Politics: Inflation, Unemployment, and Government Response

British Prime Minister Keir Starmer has drawn a line in the sand on Gaza. Unless Israel takes “substantive” steps to end the “appalling situation” in the region, the UK will recognise a Palestinian state in September. As international momentum builds, how will the Albanese government respond?

At home, the data drop Reserve Bank board members have been waiting for is out. The Bureau of Statistics quarterly consumer price index (CPI) shows consumer prices rose 0.7 per cent over the June quarter and 2.1 over the past year. Treasurer Jim Chalmers says the latest inflation figures are “very encouraging news”, but won’t predict whether it’ll mean a rate cut.

Patricia Karvelas and David Speers break it all down on Politics Now.

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