Treasurer Jim Chalmers will deliver Australia's economic outlook today. ElizaEdNews 9News MORE:
READ MORE:Australia's cost of living crisis is deepening, with everyday supermarket prices increasing in price.
The rises are even bigger for things like red meat, which is up 9 per cent, and vegetables, which have increased in price by a whopping 14 per cent. Spare parts for a car are up to 10 per cent more pricey, and as we're painfully aware - filling the car costs 32 per cent more than it did a year ago.Treasurer Jim Chalmers warned inflation will be significantly higher than expected, hitting 7 per cent by the end of the year.One piece of good news is the cost of fruit has dropped by just over 1 per cent.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How inflation is impacting your shopping trolleyInflation has reached a level not seen in Australia for over two decades and shoppers are feeling the pinch. 9News
Read more »
How inflation is impacting your shopping trolleyInflation has reached a level not seen in Australia for over two decades and shoppers are feeling the pinch. 9News
Read more »
Number of different ‘influences’ on inflation rate
Read more »
IMF downgrades 'gloomy' economy as inflation and rate jitters continue, ASX to trend downInflation data out today in Australia will be closely watched by the finance world.
Read more »
Australia politics live: Labor to introduce climate legislation as new parliament sits; inflation data dueFollow all the day’s news
Read more »
Live: Inflation figures set to show consumer prices rising faster than wagesNew inflation figures are expected to show consumer prices rising faster than wages with some economists predicting the annual rate could hit between 6 and 7 per cent. Follow live.
Read more »