Reuters
Inflation shock and risk of rising interest rates shock the Australian Prime Minister’s campaign
Australia’s Prime Minister Scott Morrison said Thursday due to a record rise in living costs that could jeopardize the chances of winning a national election in the coming weeks due to the war in Ukraine and the disruption of the COVID-related supply chain. I made it. Australia’s consumer prices soared at the fastest annual pace in the last 20 years. Speculative rates could rise from record lows soon next week as costs of gasoline, homebuilding and groceries rise, according to Wednesday data. “We still feel the effects of the extraordinary economic conditions we live in,” Morrison said in a media briefing, and the blockade of COVID-19 in China puts a strain on the supply chain along with the Ukrainian conflict. He added.