# Jim Chalmers blames Australia’s accelerating inflation on Trump, but voters aren’t convinced

https://mins.news/en/item/118541

- The Guardian, 2026-10-28 05:58 UTC
- Economy
- Original: https://www.theguardian.com/australia-news/2026/oct/28/jim-chalmers-is-blaming-australias-accelerating-inflation-on-trump-but-voters-arent-buying-it

> A 9.4% rise in fuel costs in September helped push Australian inflation from 4% to 4.3%. Treasurer Jim Chalmers has blamed worsening cost pressures on the Middle East conflict, but polling suggests more voters see government spending as the leading cause of the cost-of-living squeeze. The Reserve Bank is widely expected to raise rates next week, adding pressure on households and mortgage holders.