With the Reserve Bank poised to hike interest rates today, voters are increasingly pointing the finger at government spending rather than global headwinds.
But with household budgets already stretched to breaking point, can Jim Chalmers tame inflation without triggering a recession?
Guardian Australia economics editor Patrick Commins joins Reged Ahmad to unpack whether Labor is losing control of the economic narrative.
Read more:
Is the government really on an ‘out-of-control’ spending splurge? It’s complicated
Albanese concedes savings needed as he faces internal Labor pressure on cost-of-living crisis
Electricity, insurance and eggs: see how life in Australia has got more expensive
