Australia’s Inflation Fueled by Middle East Conflict, Says Treasurer Chalmers

Australia’s Inflation Fueled by Middle East Conflict, Says Treasurer Chalmers

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Treasurer Jim Chalmers attributes Australia's rising inflation to the ongoing war in the Middle East, describing it as a 'turbocharge' to inflationary pressures. This comes as the Reserve Bank raises the cash rate again, amid political debate with figures like Pauline Hanson and the Opposition blaming government spending instead.

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Originally published by gnews