Posted 1/21/2024, 8:00:00 AM
Cost-of-living crunch puts pressure on Albanese government amid inflation warnings
- Cost of living remains top voter concern, putting pressure on Albanese government to act
- Government considering broad range of new cost-of-living measures, but wary of fuelling inflation
- Economists warn subsidies could make inflation worse by boosting consumer spending
- Health Minister touts $23B already provided in relief through energy rebates, childcare, medicines, etc.
- No plans to reintroduce fuel excise relief; concerns it could cost budget $3B while having limited impact