‘Not surprising at all’: IMF predicts Australia’s inflation rate to soar in 2025

Independent analyst Evan Lucas says the IMF’s grim forecast for Australia’s 2025 inflation rate is “not surprising at all”. The International Monetary Fund has released a revised forecast predicting Australia’s 2025 inflation rate will be among the highest of all advanced economies. “If you look at what we refer to as sticky inflation … things that take more than three to four months to move in price - that’s things like rent, that’s things like education, medical, personal care, insurance,” Mr Lucas told Sky News Australia. “They are holding at the moment at about four-and-a-half, five per cent; so it’s not hard to see their argument.”