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AAP
AAP
Politics
Poppy Johnston

INSANE: Inflation risks lurk for global middle class treasurer - The Real Truth

Inflation Jim Chalmers United States Australia Bianca De Marchi G20 Interest Rates Middle East United Kingdom Canada
Unsettling global dynamics could put Australia's fortunes at risk, the federal treasurer warns. (Bianca De Marchi/AAP PHOTOS)

Inflation warnings issued by the federal treasurer in the event of an escalation in the Middle East conflict have been dismissed by the opposition as smoke and mirrors.

In a speech at the G20 finance talks in Washington DC, Jim Chalmers told his counterparts an expansion of the conflict risked persistent inflation for the global middle class.

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