Trump’s war inflation starting to bite
Trump’s war inflation starting to bite | Australian Greens Skip to main content Search Get Involved Join Donate Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Media releases Take action Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement About the Greens Become a member Jobs Green Magazine All news Get Involved Join Donate Search Our plan Toggle Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Toggle Federal MPs State/territory MPs Officeholders Media releases Take action Toggle Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement Toggle About the Greens Become a member Jobs Green Magazine All news Trump’s war inflation starting to bite 2026-04-29 Today’s ABS inflation data confirms that Donald Trump’s war on Iran, fully supported by Anthony Albanese, is increasing pressure on the RBA to hike interest rates, the Greens say.
ABS figures show that inflation is now at 4.6 per cent, led by soaring transport costs which are a direct result of the pointless and illegal war in the Persian Gulf. “Trump’s senseless war on Iran, supported on day one by the Prime Minister, is making the cost of living crisis worse for everyday Australians and increasing the risk of another interest rate rise,” Greens Economic Justice spokesperson Senator Nick McKim said.
“The longer the war drags on, the more that everyday people will pay the price, and the more excuses that corporations will have to price gouge.” “We are now staring down the barrel of another rate rise, which will make things even worse for renters and mortgage holders who are not causing the problem and who are already being smashed by cost of living pressures.” “The best thing Labor could do to bring down inflation is to stop backing this war and make corporate price gouging illegal across the economy.” Facebook for the Australian Greens YouTube for the Australian Greens X for the Australian Greens Instagram for the Australian Greens Bluesky for the Australian Greens Privacy Members website Your safety Contact us Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action In your language 2025 policy platform Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Federal portfolios Federal media releases Take action Volunteer Donate Issues & campaigns Upcoming events Greens Shop Leave a bequest Green Magazine All news Our movement About the Greens Become a member Jobs Members website State/territory parties Contact us The Greens acknowledge the Traditional Owners of country throughout Australia and recognise their continuing connection to land, waters and culture.
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