Chalmers says latest Treasury modelling shows Australia’s inflation could reach 5%, as national cabinet meets on fuel

By Michelle Grattan, Professorial Fellow, University of Canberra

Australia’s inflation rate could peak in “the high 4s or even higher” this year, according to Treasury modelling, Treasurer Jim Chalmers says.

The latest modelling comes as Anthony Albanese prepares to meet state and territory leaders in a national cabinet hook up on Thursday to discuss the fuel crisis and announce a national coordinator-general to help address its issues.

Albanese has asked the governments to each appoint a “point person” to liaise with the Commonwealth. The meeting will hear and share information and discuss actions that can be taken.

Chalmers…

Read complete article

~	Beavers can turn streams into carbon stores – we measured how much

~	Who were the ‘peasants’ of the 1381 Peasants’ Revolt? New database has answers

~	Extreme heat may keep millions from exercising, linked to 500,000 early deaths yearly

~	What is ‘eye stroke’ and why has it been linked to weight loss injections?

~	Trump and Netanyahu may have jointly started the war in Iran, but ending it together will be difficult

~	From Vietnam to Geneva, activist Hue Nhu fights for freedom and human dignity

~	Austria: Crackdown on Palestinian solidarity has triggered significant chilling effect

~	Sir Anthony Mason, a jurist who shaped Australia, dies at 100

~	Electric vehicles: what to know if you’re considering an EV

~	What’s ‘dirty fuel’ doing to our lungs? The same as it did for most of 2025