Inflation to hit 5 per cent as oil price bites – and it could get even worse
- Posted on May 7, 2026
- By The Age
- 0 Views
- 1 min read
Inflation to hit 5 per cent as oil price bites – and it could get even worse
The war against Iran has pushed oil above $US100 a barrel. Tuesday’s budget will reveal that will push inflation to 5 per cent - and perhaps even higher.
