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AAP
AAP
Politics
Zac de Silva

Shaving red tape, inflation key to economic growth

Service professions such as hairdressing and sectors like health care are a big part of the economy. (Steven Saphore/AAP PHOTOS)

Price rises in parts of Australia's economy remain difficult to contain as businesses struggle under the burden of excessive red tape, top economic officials warn.

Reserve Bank Governor Michele Bullock has used her appearance at a parliamentary inquiry to warn more work might be needed to tame inflation in the services sector.

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