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WE WILL DELIVER A STRONGER ECONOMY WITH LOW INFLATION
Inflation is a huge problem for Australia.
Under Labor, Australia’s core inflation has been higher on average than any major advanced economy – higher than the USA, UK, Canada, Germany , France, Japan, or Italy (as at December 2024).
The reason interest rates have gone up 12 times, with only one cut, is because the Government can’t control its spending – and because of its reckless energy policy.
Labor Budgets have lifted spending by a staggering $425 billion – or around $40,000 per Australian household.
The Reserve Bank Governor has sounded the alarm on inflation being home-grown.
A Liberal government will deliver a back-to-basics economic plan.
This includes reining in inflationary spending, winding back regulatory roadblocks, lower taxes and more affordable and reliable energy.
We will also stand up for consumers, small businesses and farmers by delivering stronger penalties for anti-competitive behaviour in the supermarket and hardware sectors.