Australia’s core inflation now second highest in world, expert blames spending
Australia's core inflation rate has soared to 3.6 percent, making it the second highest globally, trailing only Iceland. Experts attribute this rise to persistent government spending, which is above pre-pandemic levels. Treasurer Jim Chalmers warned that the ongoing conflict in the Middle East has further complicated the country's inflation issues.
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Published 06 Jul 2026, 04:32 UTC · Updated 06 Jul 2026, 04:40 UTC
Summary by OZbrief Editorial. Original report: The West Australian. Editorial policy · Corrections
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