Australia faces high inflation as Frydenberg eyes comeback

7News Just In · Oct 13, 2026 · 2m

Australia is forecast to have one of the highest inflation rates in the developed world, according to a new International Monetary Fund report. The IMF predicts inflation will ease to 3.1 per cent next year, remaining above the RBA's target band, while unemployment is tipped to rise to 4.7 per cent and GDP growth will slow to 1.6 per cent.

See omnystudio.com/listener for privacy information.