17 March | Other

Australian Treasurer warns about possible acceleration of inflation due to Cyclone Alfred

Australian Treasurer warns about possible acceleration of inflation due to Cyclone Alfred

Australian Treasurer Jim Chalmers warned that consumer prices could rise in the country after Cyclone Alfred.

The Australian economy lost an estimated $759 million as a result of the disaster, according to initial government estimates. This could wipe a quarter of a percentage point from quarterly GDP growth and is likely to quicken inflation, Chalmers said.

Increasing consumer prices pose a challenge for both consumers and the government, striving to ease rising living costs ahead of the upcoming parliamentary elections, Bloomberg explains.

According to the Treasurer, the 2025–2026 budget will include no less than $759 million in costs and provisions. These will be used to provide help for affected people and businesses.

Elena Dorokhina MarketCheese
Period: 25.09.2025 Expectation: 200 pips
Buying natural gas with $3.230 target on seasonal demand and technical pullback
Today at 11:11 AM 15
Period: 22.09.2025 Expectation: 10000 pips
ETHUSD set to rise after descending channel breakout
Today at 10:37 AM 20
Brent sell
Period: 30.11.2025 Expectation: 700 pips
Selling Brent crude with target of $60 per barrel
Today at 10:32 AM 14
Gold sell
Period: 31.10.2025 Expectation: 40000 pips
Selling gold after Fed meeting
Today at 09:11 AM 39
Expectation: 1250 pips
Selling USDJPY with 146.450 target while anticipating BoJ rate decision
Today at 06:40 AM 55
Period: 17.09.2025 Expectation: 500 pips
Buying SPX on 0.5% Fed rate cut
Yesterday at 11:38 AM 201
Go to forecasts