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Labor wants to blame rising inflation on Trump and Iran. But politically targeted spending is also to blame

Summary by Crikey

Labor wants to blame the interest rate rise and inflation on Donald Trump and the Iran war. But cyclical government spending is to blame too.

Labor wants to blame the interest rate rise and inflation on Donald Trump and the Iran war. But cyclical government spending is to blame too.

2 days ago·Australia

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Crikey broke the news in Australia 2 days ago on Friday, May 8, 2026.

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