Australia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this year

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…

Source: The Guardian World — Original report ↗

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