Australian Treasurer Says Household Costs to Rise on Oil Price

Source: Bloomberg Politics · Bias: Center

Summary

Australian households are likely to face increased cost-of-living pressures, with the inflation rate set to rise above 4.5% as the oil price climbs, Treasurer Jim Chalmers said on Sunday.

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Australian Treasurer Says Household Costs to Rise on Oil Price
Bloomberg Politics

Australian Treasurer Says Household Costs to Rise on Oil Price

Center

Australian households are likely to face increased cost-of-living pressures, with the inflation rate set to rise above 4.5% as the oil price climbs, Treasurer Jim Chalmers said on Sunday.