Former Queensland premier and now-Senate candidate Campbell Newman said it was no surprise that Australia’s official inflation rate released last week was at 3.5 percent and warned lower-to-middle income households would bear the brunt of the increased cost of living.
“This was coming. It was quite apparent in February-March last year. The U.S. Federal Reserve were in denial over this, and so was the Reserve Bank of Australia (RBA) and (Treasurer) Josh Frydenberg,” Newman told The Epoch Times.
