'Ukraine war will continue to put pressure on households' - Treasurer

As a new year dawns, the Federal Treasurer is taking a cautiously optimistic approach to the Australian economy.

Australian Treasurer Jim Chalmers speaks to the media during a press conference at Parliament House in Canberra, Monday, October 17, 2022. Source: AAP / LUKAS COCH/AAPIMAGE

Key Points

• The Federal government has defended its move to cap the price of wholesale gas as major energy retailers report they can no longer secure supply from producers.
• Government says the price caps will be reviewed in six months, to make sure they're working as intended.
• Some experts warn the lack of clarity around what will constitute a reasonable price is creating uncertainty

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