The Age
International · 1 hrs ago
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Inflation to hit 5 per cent as oil price bites – and it could get even worse
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Accuracy 35/100
Partisan intensity 65/100
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Left-leaning ⚠ Misleading
The article claims a war against Iran has driven oil prices above $100 per barrel, which is projected to push Australian inflation to 5 percent or higher according to the upcoming budget.
Inflation to hit 5 per cent as oil price bites – and it could get even worse
The war against Iran has pushed oil above $US100 a barrel. Tuesday’s budget will reveal that will push inflation to 5 per cent - and perhaps even higher.
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