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AAP
AAP
Business
Kaaren Morrissey

Households carry rate pain as businesses flourish

Philip Lowe knows higher rates hurt and plans to meet soon with support groups like Lifeline. (Bianca De Marchi/AAP PHOTOS) (AAP)

Australian households are bearing the brunt of the central bank's determination to stuff the inflation genie back into its bottle, but not so much that business is suffering.

Companies - particularly those in the manufacturing, accommodation and food, financial and insurance services, and professional service sectors - are bringing home the bacon on the back of robust trading conditions.

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