Thursday, May 11, 2023

US inflation below 5pc in two years; Jim Chalmers rushes to quell fears about Budget inflation

After what feels like an era of surging prices in the United States, it looks as though the scourge of inflation is rapidly easing.

Consumer prices have slowed to below five percent for the first time in two years raising hope the US Federal Reserve might ease it's so far aggressive interest rate rises.

I speak on ABC Newsradio

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