Australia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this year
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CPI release comes ahead of Reserve Bank decision next week as the Middle East conflict intensifies the cost-of-living crisisFollow our Australian politics live blog for latest updatesGet our daily political email, free app or daily news podcastAustralia’s headline inflation rate has accelerated to 4.3%, with a key gauge that strips out volatile prices also elevated, sharpening expectations of another interest rate rise next week.The Reserve Bank of Australia’s preferred measure of consumer price
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