SBS News – Australia
·australia
·2 hours ago
Australians face inflation surge as US-Israeli conflict drives up prices
Australians have been warned to prepare for significant inflation due to the ongoing US-Israeli war on Iran, with prices expected to rise by up to 20 percent on everyday items. Experts caution that prolonged conflict could push the economy into recession, as oil prices surged to a three-week high of US$108 a barrel on Monday.
Summary by Glance · SBS News – Australia
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