Cost of living pressures continue as inflation rises, IMF warns global economy heading towards recession

Finn McHugh
By Finn McHugh
Updated July 27 2022 - 3:20am, first published 1:35am

Inflation rose by 6.1 per cent over the past 12 months, its highest level in over two decades, as the Treasurer warns some Australians are being forced to choose between "vegetables and rent".

Advertisement

Ad

Advertisement

Ad

Advertisement

Ad

Advertisement

Ad
Finn McHugh

Finn McHugh

Federal Political Reporter

Finn McHugh has been federal political reporter for The Canberra Times since July 2021. He joined the Canberra Press Gallery in 2019 where he was executive producer of Sky News's AM Agenda, before joining NCA NewsWire as a federal political reporter. He has previously interned at the Kuwait Times.

Get the latest Canberra news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.