economy Australia
Labor defends economic record as RBA raises rate amid higher inflation
26.9%
Government spending as a share of GDP after the reported increase was
The Reserve Bank unanimously raised the cash rate by 25 basis points to 4.6 per cent. Annual headline inflation rose to 4 per cent in August from 3.5 per cent in July, while trimmed mean inflation stayed at 3.6 per cent. Fuel prices rose 15 per cent.
4 sourcesabc.net.au, The GuardianUpdated
Claims
Support what holds up. Dispute what doesn't.
- 6BAUD
The budget deficit improvement against the May forecast was
“the budget deficit for last financial year was $6 billion better than the $28.3 billion forecast in May”
- 28.3BAUD
The May budget forecast for the deficit was
“the $28.3 billion forecast in May”
- 1.4BAUD
Health costs and other payments were below forecast by
“health costs and other payments down $1.4 billion”