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Inflation leaps to 4% stoking fears of fifth interest rate hike before Christmas
Jim Chalmers says ‘higher global oil prices flowing through to oil prices in Australia’ are to blame for inflation rising from 3.5%Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastInflation has jumped to 4% in the year to August, from 3.5%, as Jim Chalmers was again forced to defend Labor’s economic management amid fears the Reserve Bank will need to hike interest rates again before Christmas.The increasingly embattled treasurer was
Jim Chalmers says ‘higher global oil prices flowing through to oil prices in Australia’ are to blame for inflation rising from 3.5%Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastInflation has jumped to 4% in the year to August, from 3.5%, as Jim Chalmers was again forced to defend Labor’s economic management amid fears the Reserve Bank will need to hike interest rates again before Christmas.The increasingly embattled treasurer was
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