While the IMF forecast inflation in most countries will lower, Australia's is predicted to stay high.
Key Points
- The International Monetary Fund predicts Australia's inflation will rise from 2.8 per cent to 3.6 per cent by the end of next year.
- The IMF's economic forecast on Australia has sparked strong reactions from Canberra.
- With the federal election only a few months away, the cost of living crisis is expected to be a major issue for both major parties.
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