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AAP

Politics

Poppy Johnston

Annual inflation hits 7.8 per cent

Inflation Jim Chalmers Pat Bustamante Reserve Bank

The prices of goods and services, including household staples, surged last year. (Bianca De Marchi/AAP PHOTOS) (AAP)

Inflation rose 7.8 per cent annually in the December quarter as upwards price pressures on goods and services remain strong.

Quarterly inflation lifted 1.9 per cent, according to data from the national statistics bureau.

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