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The Conversation
The Conversation
Stella Huangfu, Associate Professor, School of Economics, University of Sydney

Australia’s inflation surge just made an RBA rate rise more likely

RBA Inflation Economy Oil
TkKurikawa/Getty

Australia’s inflation rate surged 1.1% in March, driven by a record jump in fuel prices, making an interest rate hike next Tuesday more likely.

The consumer price index (CPI), released today, rose to 4.6% in the year to March, the first major economic indicator to show the impact of the war in the Middle East.

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