Government braces for latest inflation data as rate rise looms

ALL EYES ON INFLATION DATA

The Australian Bureau of Statistics will release its latest inflation figures later this morning ahead of the Reserve Bank of Australia’s interest rate decision next week.

As we’re all aware, inflation continues to plague the government, and the country, with plenty of warnings that things could get worse before they get better.

Earlier this month, Treasurer Jim Chalmers warned of difficult months ahead for the country economically, as factors such as high fuel prices caused by the war in the Middle East continue to push up inflation.