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

By Finn McHugh
Updated July 27 2022 - 7:30am, first published 7:29am
Jim Chalmers has warned Australians to expect further pain. Picture: Jamieson Murphy

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

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.