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The New Daily

Matthew Elmas

Why some economists believe the Treasurer is being too pessimistic

Sean Langcake Inflation RBA Jim Chalmers Philip Lowe Sarah Hunter

Treasurer says inflation to approach 8 per cent. 10 News First – Disclaimer

Millions of Australian households are facing a “difficult” year ahead as the cost of living soars and economic growth weakens, Treasurer Jim Chalmers has warned.

Dr Chalmers told Parliament on Thursday that Treasury forecasts now predict inflation will peak at 7.75 per cent over the December quarter.

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