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The New Daily
The New Daily
Business
Matthew Elmas

‘Material effect’: Omicron fuels inflation fears as businesses hike prices

Omicron United States Philip Lowe
Philip Lowe says the Omicron outbreak was more inflationary than previous COVID surges. Photo: AAP

Australians are paying more for everything from clothes to burgers after Omicron wreaked havoc on businesses in January, economists say.

And they may yet face further cost increases if there are further COVID outbreaks during winter, as health experts have warned.

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