Inflation to hit 32-year high as Chalmers prepares budget warning - The Australian Financial Review

Inflation is tipped to hit a 32-year high on Wednesday, setting the scene for Jim Chalmers to paint a dire picture of the economy in a statement on Thursday.

The update means real wages will decline by more than forecast, making Labors election promise to redress falling living standards harder to meet. We wont have inflation up near 7 per cent forever. … [+3392 chars]

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