Former Queensland premier and now-Senate candidate Campbell Newman said it was no surprise that Australia’s official inflation rate released last week was at 3.5 percent and warned lower-to-middle income households would bear the brunt of the increased cost of living. “This was coming. It was quite apparent in February-March last year. The U.S. Federal Reserve were in denial over this, and so was the Reserve Bank of Australia (RBA) and (Treasurer) Josh Frydenberg,” Newman told The Epoch Times. “Anybody in business and indeed households knew that the inflation tiger was on the loose,” the Liberal Democrat candidate said. “You know, we get to a moment like last week where ‘What a surprise! Inflation is 3.5 percent.’ Well, it wasn’t a surprise to people who are grownups.” “I’m really annoyed that people in the United States and Australian governments were pretending it wasn’t happening,” he added. According to data released on Jan. 25, …