CANBERRA, ACT, April 29 -- The Treasurer of Australia issued the following media release:
New figures from the Australian Bureau of Statistics show that inflation ticked up as expected in the month of March largely because of global pressures.
These numbers show Australians are paying a hefty price for the war in the Middle East.
These are the costs and consequences of a conflict on the other side of the world.
It's another reminder that from an economic point of view, an enduring end to the war can't come soon enough.
In the monthly data, headline inflation was 4.6percent in the 12months to March 2026, up from 3.7percent in February.
Trimmed mean monthly inflation remained at 3.3percent in the 12months to March 2026.
In the quarterl...