Inflation hasn’t ‘peaked’ yet: Jim Chalmers

Treasurer Jim Chalmers says inflation in Australia will continue to rise, warning “we haven’t peaked yet” when he presented the state of the economy.

Mr Chalmers said inflation is now expected to worsen this year, fall in 2023 and “normalize” in 2024.

“We haven’t reached the peak yet, but we can see it from here,” he said.