Jim Chalmers is blaming Australia’s accelerating inflation on Trump – but voters aren’t buying it

Jim Chalmers, the Australian treasurer, is pointing to the Middle East conflict as a reason for the country's accelerating inflation. This means that he believes the ongoing conflict is contributing to higher prices for goods and services in Australia. The implication is that the conflict is driving up global demand for certain commodities, which in turn is pushing up prices in Australia. However, it seems that voters are skeptical of this explanation, suggesting that other factors may be at play.

Why it matters

Australia's inflation is accelerating, and a rate rise is expected. The treasurer is blaming external factors, but voters are skeptical.

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