Economics
Inflation leaps to 4% stoking fears of fifth interest rate hike before Christmas
Guardian Economics · Leans Left
Jim Chalmers says ‘higher global oil prices flowing through to oil prices in Australia’ are to blame for inflation rising from 3.5%
-
Get our breaking news email, free app or daily news podcast
Inflation has jumped to 4% in the year to August, from 3.5%, as Jim Chalmers was again forced to defend Labor’s economic management amid fears the Reserve Bank will need to hike interest rates again before Christmas.
The increasingly embattled treasurer was accused of “gaslighting” Australians by insisting that government spending was not responsible for high inflation, blaming instead higher fuel costs associated with the ongoing US-Israel war on Iran.
Read the full story at the original publisher
Guardian Economics →
-
The Weak Points in AI Bonds Are Becoming ClearerMarketWatch Markets2 days ago
-
Stock Market Today: Stock Futures Rebound After Friday's Tech SelloffMarketWatch Markets2 days ago
-
Stock Futures Rise as Investors Make Cautious Return to RiskMarketWatch Markets2 days ago
Leave a Reply