Australia to Experience 2nd Highest Inflation Rate Among Developed Nations in 2025: IMF

Of advanced economies, only Slovakia is predicted to surpass Australia at 4.8 percent.

An exterior view of the building of the International Monetary Fund is seen in D.C. on March 27, 2020. Oliver Douliery/AFP via Getty Images

Australia is poised to record the second-highest inflation rate among advanced economies next year, according to projections from the International Monetary Fund (IMF).

This sharp forecast comes despite global inflation easing in many other countries, underscoring Australia’s unique economic challenges.