Treasurer Jim Chalmers tells ABC Insiders the federal government's intervention is putting downward pressure on electricity prices, and inflation remains the economy's greatest challenge.
Help keep family & friends informed by sharing this articleFederal treasurer Jim Chalmers says the government's energy market intervention is putting downward pressure on electricity prices.Treasury analysis shows forecast electricity price increases have dropped significantly since the market interventionHe also dismissed concerns the economy is at risk of a recession amid rising interest rates.
"Our plan is designed to take some of the edge off these energy price rises, and we're really encouraged to see that's the case," Mr Chalmers told ABC's Insiders program. New Treasury analysis shows big electricity price increases forecast by the energy market for 2023 have dropped significantly since the federal government unveiled its market intervention.
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