Australian inflation rises to 4% as budget surplus grows

Summarised from 2 outlets · 4 reports · Updated 30 Sept, 09:49 · Archive

Inflation in Australia has risen to 4%, prompting concerns about further interest rate rises.

Australian inflation has jumped to 4% in the year to August, from 3.5%, raising concerns the Reserve Bank may need to raise interest rates again before Christmas. Treasurer Jim Chalmers attributed the rise partly to higher global oil prices. The government reported a A$6billion better-than-projected budget outcome due to higher tax collections, though critics argue this reflects higher taxation rather than improved economic management.

How it is being reported

• Inflation leaps to 4% stoking fears of fifth interest rate hike before ChristmasGuardian World · 30 Sept, 05:40
• Jim Chalmers closes in on highest-taxing government in Australian history as tax take surges and another rate rise loomsDaily Mail · 29 Sept, 03:02
• Nat Barr unleashes on Jim Chalmers as mortgage pain is set to worsen - and asks why Australia is falling behind: 'Highest-taxing Treasurer'Daily Mail · 28 Sept, 23:52
• Jim Chalmers reveals the government scored a $4.6billion windfall due to higher tax collections - and warns Aussies to brace for interest rate hikeDaily Mail · 28 Sept, 15:32

In this story: Jim Chalmers · Albanese government · Reserve Bank · Australia

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