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Australia’s Treasurer has warned that inflation could increase again as global economic uncertainty continues to affect the country’s financial outlook.
The warning comes as rising energy prices and international conflicts place pressure on global supply chains and import costs in .
Treasury officials say inflation could exceed earlier projections if global conditions worsen, particularly with ongoing economic impacts linked to tensions in the Middle East involving , , and the .
Higher inflation may influence future interest-rate decisions by the , which closely monitors economic indicators before adjusting monetary policy.
Government officials say they are working to balance economic stability with support measures for households, as many Australians continue to face pressure from rising living costs.
