Australia Inflation Warning: Fuel Shock Could Push Prices Past 5% as Canberra Rules Out Rationing
Australia is not planning fuel rationing despite rising inflation risks from the Middle East oil shock, Treasurer Jim Chalmers said. The government replaced six delayed fuel shipments and eased diesel standards to boost supply. Local shortages persist, with several hundred stations missing at least one grade. Annual inflation slowed to 3.7% in February, but economists warn the new oil shock could push it to 5%.