Inflation peaked 'lower and later' in Australia compared to other countries

Treasurer Jim Chalmers says Inflation peaked “lower and later” in Australia compared to other countries. Australia is expecting interest rate rises, despite other OECD countries expecting interest rate cuts. “I think the major difference between us and other countries … is that inflation peaked lower and later in Australia,” Mr Chalmers told Sky News Business Editor Ross Greenwood. “Other countries that we compare ourselves have usually got much higher interest rates than we have as a starting point. “Those are two important points to remember.”