Chalmers declares 'we've got a plan for inflation' ahead of RBA meeting

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Chalmers declares 'we've got a plan for inflation' ahead of RBA meeting
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The Treasurer has insisted Labor has a 'plan for inflation' after acknowledging 'interest rate rises are an inevitable consequence' of rising prices ahead of Tuesday's Reserve Bank meeting.

Treasurer Jim Chalmers has acknowledged further interest rate rises are"inevitable" just a day out from the Reserve Bank of Australia's first board meeting of the year.

Jim Chalmers in Question Time on Monday insisted the Albanese Government has a plan to tackle inflation. Picture: Martin Ollman/Getty Images "We do know, and we do expect, that inflation has begun to moderate in our economy - 7.8 per cent is obviously unacceptably high and puts a lot of pressure on families and others in our community," he said.

Mr Chalmers insisted the Albanese Government has a plan to bring down inflation, featuring"three major parts".

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