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ABC News
ABC News
Business
business reporter Emilia Terzon with wires

Price spikes continue, with oil up and OECD forecasting highest inflation since 1988

OECD Inflation Oil NAB
Shoppers can buy less when inflation rises beyond wage growth. (Dave Hunt, file photo: AAP)

Analysts say the financial stocks on the ASX have had their worst week so far since the pandemic started.

The ASX 200 traded lower throughout Thursday and ended down 1.4 per cent to 7,020. The All Ords was down 1.5 per cent.

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