War could push inflation past 5 per cent, hurt nation for years: Chalmers
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Source: The Age
Published: 2026-03-18 18:22 UTC+10:00
Section: Politics / Federal
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Health, Middle East, Military & Defence, Economy & Finance, Food & Agriculture, Business & Economy, War & Conflict
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Snippet:
Treasurer Jim Chalmers has warned inflation could spike above 5 per cent if the Middle East war drags on, hurting living standards and wiping billions from the economy as business chiefs move to a COVID-style posture to avoid supply shocks in the construction, medical, and food sectors.
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