Inflation a ‘dragon to slay’ says Treasurer Chalmers as CPI hits new high

By Rhea Laxmi Nath · 26 October 2022 · News

Inflation a ‘dragon to slay’ says Treasurer Chalmers as CPI hits new high

Treasurer Chalmers declares war on inflation

Australia's inflation rate has just hit a 30-year high, sparking a warning from the Treasurer. What does this mean for your wallet and the economy?

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Summary

According to data released by the ABS today, Australia's CPI movement to 7.3 per cent is the highest annual rate since 1990.