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Australia's Inflation Surges to 4.6%: What's Next?
Published 4 weeks ago
Description
Australias inflation rate surges to 4.6% in March, highest in 2.5 years, due to soaring fuel prices from the Iran war. Underlying inflation rises to 3.5%, electricity bills up 25.4% YoY. Economists predict Reserve Bank to hike cash rate to 4.35% on Tuesday, as oil shocks may push inflation beyond forecasts.
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