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No recession but inflation hike and increased cost-of-living pressure on the way, Jim Chalmers says

15.03.2026 04:09 | The Guardian World

Economists predict RBA will raise interest rates this week and in May – days before treasurer unveils budgetFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastHouseholds can expect significant additional cost-of-living pressures because of the war in the Middle East, with Jim Chalmers confirming that the government expects inflation to rise beyond 4.5% in Australia.But the treasurer said he did not expect the economy to fall into recession because of the war sparked by US and Israeli bombings in Iran. Continue reading...

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