Watch FIFA World Cup 2026™ LIVE, FREE and EXCLUSIVE

Watch

Inflation rise overshadows climate bill in first sitting day of parliament

Published
A fresh economic shock for the nation today as inflation hit a new high. Inflation has risen to 6.1 percent in the year to June - that’s the highest rate since 1991. Treasurer Jim Chalmers described the rise as confronting and warned of more to come. The rise overshadowed an important day in the House of Representatives - the government's introduction of a bill to legislate its 2030 emissions reduction target into law.
Tags
Australia
Politics
Share

Recommended for you

A graphic depicting Anthony Albanese and AFP Commissioner Krissy Barrett in front of a red-hued background that includes Australia's Parliament House and an Australian flag.
A man wearing a hat and a blue beach shirt stands beneath a tall coconut tree, his hands clasped in front.
A sunny street scene features a row of historic storefronts with awnings, parked cars along the curb, and a dedicated green bicycle lane running parallel to the road.
A composite image shows mostly empty grocery store refrigerator shelves with a customer notice stating that increased demand has caused supply shortages for some yoghurt products.
Images from the Shen Yun dance company, with Anthony Albanese and Donald Trump overlaid.
New rules for UK citizens travelling abroad have sparked chaos for dual citizens.
A middle-aged white man wearing a black t-shirt and cap, leaning on a neon-lit bar.
An illustration of an older woman holding a large coin, standing next to an older man, who rests his hand on another oversized coin positioned atop a stack of coins. The couple stands in front of a backdrop of residential buildings

Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world