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The New Daily
The New Daily
Business
Matthew Elmas

Inflation hits 21-year high of 6.1 per cent

Rising inflation is set to trigger another spate of interest rate rises from the Reserve Bank. Photo: AAP

Prices rose 1.8 per cent over the June quarter as higher petrol and grocery bills continue to squeeze households, new official data reveals.

Australian Bureau of Statistics (ABS) figures published on Wednesday showed inflation is now running at the fastest rate since June 2001.

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