Medical and education prices rises concern Labor

April 27, 2005 - 1:06PM

Opposition treasury spokesman Wayne Swan welcomed today's CPI figures, but warned that inflation remained strong with the increases in the costs of education and pharmaceuticals.

"What we have to do is get the Budget right to make sure we don't make the same mistake treasurer Costello made last year with his $66 billion spending spree," Mr Swan said.

"If we want to keep interest rates down we've got to have a tight budget."

Mr Sawn said the current inflation figures had nothing to do with the government.

"This owes nothing to Peter Costello, this is a result of lower import prices over which he has no control.

But, he added: "Domestic inflation remains strong and that's why there's no room for complacency here.

"That's why we need treasurer Costello to bring down a Budget which puts downward pressure on inflation and therefore downward pressure on interest rates."



Our Advertisers