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AAP

Politics

Poppy Johnston

Heated inflation figures put rate hike firmly in play

Inflation Interest Rates RBA Reserve Bank Reserve Bank of Australia Matthew Hassan

The latest inflation figures could force the Reserve Bank to hike rates on Melbourne Cup Day. (Nikki Short/AAP PHOTOS)

The latest inflation data has come in hotter than expected and may stir the Reserve Bank into a Melbourne Cup Day rate hike.

Consumer prices as tracked by the Australian Bureau of Statistics rose 1.2 per cent over the three months to September, up from 0.8 per cent in the June quarter.

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