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No easy way out: Businesses need to raise prices or put Australians out of work

Australia had an inflation problem before the Iran war, but it's turned sinister. We've become hostage to oil prices, and as the governor of the Reserve Bank puts it: "We are all feeling poorer".

First seen · 6:44 PM UTCMay 5, 2026

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ABC News (Australia)
CenterAustralian Broadcasting Corporation
No easy way out: Businesses need to raise prices or put Australians out of workAustralia had an inflation problem before the Iran war, but it's turned sinister. We've become hostage to oil prices, and as the governor of the Reserve Bank puts it: "We are all feeling poorer".
6:44 PM UTC

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