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Newcastle Herald
Newcastle Herald
National
Dan Jervis-Bardy

Annual inflation rate rises to 7.3 per cent amid gas price surge

Treasurer Jim Chalmers handed down his first budget on Tuesday night. Picture by James Croucher

The annual inflation rate has risen to 7.3 per cent as surging gas prices add pressure to household budgets.

The latest quarterly consumer price figures come on the back Treasurer Jim Chalmers' federal budget, which aimed to offer some cost-of-living relief without fuelling inflation.

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