Australian Treasurer Jim Chalmers has warned that some cost of living reliefs to be outlined in the Oct. 25 federal budget could flare up the already high inflation as the federal government is considering extra support for farmers impacted by the recent flooding.
Speaking to the Nine Network, Chalmers said Australians could face a surge in living costs due to higher grocery prices caused by devastating floods in agricultural regions across New South Wales, Victoria and Tasmania.
“I think Australians will be bracing for even more expensive groceries as we head toward Christmas as a consequence of what’s happening here,” he said….