Economy 'hostage' to Iran war, no extension to fuel excise discount: Chalmers | ABC NEWS

Treasurer Jim Chalmers has addressed the media about the latest Consumer Price Index data. Annual inflation came in at 3.8 per cent in June, compared to economists' forecasts of 4.1 per cent.
He says the 'on-again off-again' nature of war in the Middle East is adding complexity and volatility to the outlook of the Australian economy. He also said there won't be an extension to the fuel excise discount which ends on Aug 1.

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Read more here: https://www.abc.net.au/news/2026-07-29/cpi-inflation-interest-rates-asx-market-live-updates/106969852

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