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Economy · Canberra, Australia ·

Australia inflation rises to 4.3%

Australia's inflation rate rose to 4.3%. The Reserve Bank decides next week, and a fifth hike this year is feared.

Why it matters

Higher rates raise mortgage costs.

Background

Fuel costs linked to the Middle East conflict add to prices.

The story so far

  1. Australia inflation rises to 4.3%
  2. Australia's central bank expected to raise rates Tuesday
  3. Reserve Bank of Australia raises rates to 4.85%
  4. Australia's central bank raises rate to 4.85%

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Sources

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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