Posts tagged "high inflation"

Federal Treasurer Jim Chalmers is “cautiously optimistic” inflation has peaked. But he warned that rising prices remained “the defining challenge” amid a global economic slowdown and geopolitical uncertainty.

Amid a storm of outrage over companies profiteering throughout Australia’s inflation crisis, JB Hi-Fi released its earnings results yesterday. In the last six months of 2022, the big electronics retailer did very nicely indeed.

Australia’s top economists are divided about how to tackle ballooning inflation of 6.1% that’s forecast to climb to a three-decade high of 7.75% by the end of the year.