Inflation Concerns and Economic Pressures

Inflation remains a significant concern, described as 'sticky' and persistently high despite recent improvements. It has decreased from a peak but is still affecting essential costs like rent and petrol, influenced by both domestic and international factors. The government's response includes acknowledging the pressures on households and implementing measures such as targeted cost-of-living relief to ease financial burdens. The Treasurer emphasizes that while inflation is being addressed, it is essential to do so without causing extensive harm to the job market.