Inflation still 'public enemy number one'

"Public enemy number one is this inflation we're all facing," Treasurer Jim Chalmers says (Lukas Coch/AAP PHOTOS) (AAP)

Inflation remains public energy number one as the treasurer expects the US central bank to keep hiking rates aggressively in response to a higher-than-expected inflation print.

Jim Chalmers says high inflation is still hammering the global economy.