{"id":336348,"date":"2026-03-13T01:12:45","date_gmt":"2026-03-13T01:12:45","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/336348\/"},"modified":"2026-03-13T01:12:45","modified_gmt":"2026-03-13T01:12:45","slug":"australias-inflation-expected-to-reach-high-4-per-cent-range-due-to-middle-east-war","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/336348\/","title":{"rendered":"Australia\u2019s inflation expected to reach high 4 per cent range due to Middle East war"},"content":{"rendered":"<p>Treasurer Jim Chalmers is bracing for the May federal budget to forecast inflation to be in the high 4 per cent range as the escalating Middle East conflict spurs fuel prices and makes the prospect of an interest rate rise next week more likely.<\/p>\n<p>Chalmers told colleagues this week that Treasury\u2019s preliminary analysis of the impact of the war suggests headline inflation will be in the \u201chigh 4s\u201d this year, according to a government source not authorised to speak publicly.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Treasurer Jim Chalmers is bracing for the May federal budget to forecast inflation to be in the high&hellip;\n","protected":false},"author":2,"featured_media":336349,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-336348","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/336348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=336348"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/336348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/336349"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=336348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=336348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=336348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}