Australians face threats of blackouts as energy crisis worsens

Al Jazeera English published this video item, entitled “Australians face threats of blackouts as energy crisis worsens” – below is their description.

Australia’s newly elected government is facing a perfect storm, with rising inflation, food shortages, higher interest rates and now an energy crisis.

The national market operator has seized control of the energy market in an unprecedented intervention to avoid the prospect of widespread power outages.

All parties have warned prices are still set to soar in the coming months.

Al Jazeera’s Sarah Clarke reports from Brisbane, Australia.

Al Jazeera English YouTube Channel

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About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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