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AAP

Politics

Poppy Johnston

Inflation expectations tick up as petrol prices lift

Inflation Petrol Reserve Bank ANZ

Petrol prices have averaged over $2 a litre for the past six weeks. (Paul Miller/AAP PHOTOS)

Pain at the bowser could be nudging inflation expectations higher.

A weekly consumer check-in by ANZ and Roy Morgan revealed a 0.5 percentage point lift in inflation expectations to 5.4 per cent, unwinding falls over the past two weeks.

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