Trending in Pulse - 27 September 2024

Despite a quieter week in Canberra with Parliament between sitting weeks, the ongoing debate around the cost of living continued to dominate political discussions. Here are the key issues for the week:

1. Inflation: Monthly inflation data released on Wednesday showed inflation sitting at 2.7%, down from 3.5% from the previous month, and falling within the RBA’s 2-3% target for the first time since 2021.
2. Negative Gearing: Prime Minister Albanese has left the door open to reviewing negative gearing, refusing to hose down reports he asked Treasury to model possible changes to tax arrangements for investment properties.
3. Supermarket Pricing: CHOICE’s government-sponsored report found a major price differential between Aldi and the major supermarkets, coinciding with the ACCC’s decision to take legal action against Coles and Woolworths, alleging misleading conduct.
4. International Relations: Jim Chalmers headed to Beijing to discuss trade relations and tariffs. Meanwhile, Penny Wong was in New York for the G20 Foreign Ministers and joined the growing calls for a temporary ceasefire in Lebanon.
5. Nuclear Energy: Peter Dutton spoke in front of the Committee for Economic Development on his nuclear energy plan, while not revealing information how much it would cost.

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