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Politics

Andrew Brown

Impact on inflation from fuel price hike to be revealed

Inflation Iran Michele Bullock RBA Petrol United States

Motorists have seen prices at the bowser soar in the wake of war flaring in the Middle East. (Joel Carrett/AAP PHOTOS)

The initial impact of the Iran war on Australia's economy is set to be laid out when pivotal inflation data is released.

The first set of inflation numbers since US and Israeli strikes on Iran led to the closure of the Strait of Hormuz and skyrocketing oil prices will be unveiled on Wednesday.

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