Sydney Morning Herald
International · 11 mins 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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An article claims that a war with Iran has driven oil prices above $100 per barrel, which will cause Australian inflation to reach 5 percent or higher, with details expected in an upcoming budget announcement.
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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