War Could Add 5% Inflation in Australia—One Shield

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Website

https://theconversation.com/war-could-add-an-extra-5-to-prices-in-australia-but-theres-one-sector-that-shields-the-economy-279328

Subject

Modelling shows a prolonged Middle East conflict could lift Australian inflation by about 5%, driven by higher fuel, freight and production costs. Moderate disruption: GDP down 0.02%, prices up ~0.6%. Severe disruption: GDP down 0.16%, prices up ~5.1% by September. Energy exports cushion the hit; policy focus should be targeted relief and accelerating renewables investment.

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