{
  "id": 12003370,
  "title": "Jim Chalmers proven wrong on inflation again",
  "url": "https://urgent.news/2026/10/04/jim-chalmers-proven-wrong-on-inflation-again",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-04T21:00:32.000Z",
  "source": {
    "name": "MacroBusiness",
    "slug": "macrobusiness",
    "url": "https://www.macrobusiness.com.au/2026/10/jim-chalmers-proven-wrong-on-inflation-again/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Australian Treasurer Jim Chalmers has made statements about inflation, attributing it to external factors. According to MacroBusiness, Chalmers regularly posts on social media about the government's efforts to fight inflation, suggesting that any success is due to Labor or that the lack of progress is due to factors beyond their control.\n\nChalmers has specifically pointed to the US-Iran conflict as a cause of higher inflation and borrowing costs, saying it has been an economic disaster. He told ABC News' Insiders program that the conflict has led to upward pressure on inflation, contributing to higher interest rates globally.\n\nAustralia's central bank has raised interest rates to a 15-year high in an effort to curb inflation, citing elevated energy prices and domestic capacity pressures. Chalmers has rejected suggestions that government spending is the primary driver of Australian inflation, saying spending growth has slowed.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Sydney Morning Herald",
        "title": "Chalmers warns higher yields likely to kill off cost-of-living help",
        "url": "https://urgent.news/2026/10/04/chalmers-warns-higher-yields-likely-to-kill-off-cost-of-living-help-11807027",
        "published": "2026-10-04T00:39:36.000Z"
      },
      {
        "outlet": "The Age",
        "title": "Chalmers warns higher yields likely to kill off cost-of-living help",
        "url": "https://urgent.news/2026/10/04/chalmers-warns-higher-yields-likely-to-kill-off-cost-of-living-help",
        "published": "2026-10-04T00:39:36.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Australia’s Chalmers blames US-Iran war for higher inflation, borrowing costs",
        "url": "https://urgent.news/2026/10/04/australias-chalmers-blames-us-iran-war-for-higher-inflation-borrowing",
        "published": "2026-10-04T02:41:39.000Z"
      },
      {
        "outlet": "MacroBusiness",
        "title": "Why Australia’s inflation is domestically driven",
        "url": "https://urgent.news/2026/10/04/why-australias-inflation-is-domestically-driven",
        "published": "2026-10-04T23:00:29.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}