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No recession but inflation hike and increased cost-of-living pressure on the way, Jim Chalmers says

The Guardian - World NewsCenter-LeftEN 1 min read 100% complete by Tom McIlroy Political editorMarch 15, 2026 at 03:09 AM
No recession but inflation hike and increased cost-of-living pressure on the way, Jim Chalmers says
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Treasurer Jim Chalmers has warned Australians to expect increased cost-of-living pressures due to the conflict in the Middle East, with inflation projected to rise above 4.5%. Despite this, Chalmers stated that the Australian economy is not expected to fall into recession. Economists predict the Reserve Bank of Australia (RBA) will raise interest rates this week and in May. These economic forecasts come days before the treasurer is set to unveil the federal budget. The anticipated interest rate hikes and inflationary pressures are expected to impact household finances across Australia.

Key Entities & Roles

Key Player Opposition Context
United States 50% Iran 50% Israel 50% Middle East 60% Reserve Bank of Australia 70% Australia ×280% Jim Chalmers ×290%

Keywords

inflation 90% cost of living 90% interest rates 70% recession 70% rba 60% middle east 50% jim chalmers 50% budget 50% economy 40%

Sentiment Analysis

Negative
Score: -0.30

Source Transparency

Source
The Guardian - World News
Political Lean
Center-Left (-0.40)
Far LeftCenterFar Right
Classification Confidence
85%

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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inflationcost of livinginterest ratesrecessionrbamiddle eastjim chalmersbudgeteconomy
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