Inflation has stayed higher for longer due to Labor’s bad economic management.
At the end of 2024, Australia’s core inflation remained as high or higher than: the USA; UK; Germany; Singapore; Japan; South Korea; Italy; France; Canada; and the entire Euro area.1
The International Monetary Fund has projected that in 2025, Australia will have the second highest inflation of any developed country (after the Slovak Republic).2
Inflation averaged 2.2% under the Coalition Government. It has averaged 4.1% under Labor.3
The cumulative effect of Labor’s inflation has put huge pressure on Australians.
The International Monetary Fund has projected that in 2025, Australia will have the second highest inflation of any developed country (after the Slovak Republic).2
Inflation averaged 2.2% under the Coalition Government. It has averaged 4.1% under Labor.3
The cumulative effect of Labor’s inflation has put huge pressure on Australians.
In two and a half years, prices have increased by 11%. 4
Many essentials increased by more. For example:
🍞 Food is up 13%.
🎒 Education is up 12%.
🏠 Housing is up 15%.
🚪 Rents are up 18%.
💰 Finance and Insurance is up 19%.
🔥 Gas is up 34%.5
Labor’s policies are making inflation worse.
The Reserve Bank Governor has described Australia’s inflation as “increasingly homegrown”.6
In three Labor Budgets, the Government has lifted spending by $347 billion – or $33,000 per Australian household.
Under Labor, spending this financial year is at its highest level as a share of the economy (outside the pandemic) in almost 40 years.7
Most credible economists – and the Reserve Bank – say higher spending is resulting in inflation staying higher for longer.
🍞 Food is up 13%.
🎒 Education is up 12%.
🏠 Housing is up 15%.
🚪 Rents are up 18%.
💰 Finance and Insurance is up 19%.
🔥 Gas is up 34%.5
Labor’s policies are making inflation worse.
The Reserve Bank Governor has described Australia’s inflation as “increasingly homegrown”.6
In three Labor Budgets, the Government has lifted spending by $347 billion – or $33,000 per Australian household.
Under Labor, spending this financial year is at its highest level as a share of the economy (outside the pandemic) in almost 40 years.7
Most credible economists – and the Reserve Bank – say higher spending is resulting in inflation staying higher for longer.
Labor has tried to manipulate headline inflation through subsidies.
These are band aid solutions that treat the symptoms not the problem and are financially unsustainable.
The underlying price of electricity (without subsidies) has risen by over 32% since the election.8
When the Government’s energy rebates end in 2025, inflation will spike.
Increased energy costs raise the cost of providing goods and services (including for manufacturing, refrigeration and transport). This fuels inflation.
Under Labor, productivity has fallen by around 6% (from March 2022 to December 2024).9
Falling productivity puts pressure on businesses to put up prices.
Australians are paying higher prices, higher taxes and higher mortgage repayments because of Labor’s homegrown inflation.
The underlying price of electricity (without subsidies) has risen by over 32% since the election.8
When the Government’s energy rebates end in 2025, inflation will spike.
Increased energy costs raise the cost of providing goods and services (including for manufacturing, refrigeration and transport). This fuels inflation.
Under Labor, productivity has fallen by around 6% (from March 2022 to December 2024).9
Falling productivity puts pressure on businesses to put up prices.
Australians are paying higher prices, higher taxes and higher mortgage repayments because of Labor’s homegrown inflation.
