World NewsAustralia News

Hot Inflation Data Weighs on Federal Budget

Meanwhile, federal Treasurer Jim Chalmers has said the drop in annual inflation occurred under Labor.
Save
Hot Inflation Data Weighs on Federal Budget
Pedestrians move through Martin Place in Sydney, Australia, on Aug. 16, 2022. Lisa Maree Williams/Getty Images
Monica O’Shea
Updated:
0:00

Australia’s worse-than-expected inflation data in the March quarter could pose a challenge for the federal budget, according to analysts.

Inflation increased by one percent in the March quarter, up from a 0.6 percent increase in the December quarter, ABS statistics show.
Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]