Chalmers says Iran war will raise inflation and unemployment, warning fallout of conflict could be ‘severe’ (opens in new tab)

End of war ‘can’t come soon enough’, treasurer says, as inflation expected to rise above 5% in Australia with global supply chains buffetedFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe treasurer, Jim Chalmers, says inflation and unemployment are expected to rise because of Donald Trump’s war in Iran, warning ahead of next month’s federal budget that the economic fallout from the conflict could still become “severe”.Playing...