In a statement that has drawn both relief and skepticism, Australia’s Treasurer, Jim Chalmers, declared that the worst of the inflation crisis is now ‘well and truly behind us.’ This declaration follows the release of inflation data showing a marked improvement in the nation’s economic outlook,

By Alasdair Pal SYDNEY (Reuters) -Australia Treasurer Jim Chalmers on Wednesday urged Australians to be cautious when using Chinese AI model DeepSeek, the latest government to warn over its use. "We would urge Australians to be cautious about this new technology,

Treasurer Jim Chalmers’ smile said it all as he emerged to spruik the latest inflation figures. It was not a case of mission accomplished, he said, but it was as good a sign as any that the pressure on the Reserve Bank to lower interest rates is now ratcheting up.

Treasurer Jim Chalmers has apologised for clumsy comments suggesting the Jewish community's fear of antisemitic attacks are sometimes “unfounded”.

Treasurer Jim Chalmers poured cold water on speculation the Albanese Labor government might deliver a third-consecutive budget surplus.

Shadow Finance Minister Jane Hume has slammed Treasurer Jim Chalmers for his “brand new” tax on superannuation.

Treasurer Jim Chalmers claims Labor is making "sustained substantial progress" in the fight against inflation.

Treasurer Jim Chalmers says Australia’s headline inflation rate is now lower than most major economies – including the US, the UK and Germany.

After Wednesday’s encouraging inflation numbers, the Albanese government and the financial markets would be shocked if the RBA didn’t cut interest rates in February.

Inflation in Australia remained in retreat in the last quarter of 2024, stoking the case for the central bank to join the global easing cycle by cutting rates at its coming meeting in February.

Treasurer Jim Chalmers remains confident 2025 will be better economically for Australians after struggles with the cost of living.

Australia's assistant treasurer, Stephen Jones, announced his retirement after 15 years in politics and will not contest the upcoming federal election. Known for his contributions to financial policies and consumer protections,