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Australia's annual inflation rate rose to 4.3% in the latest consumer price index release, fuelling fears of a fifth interest rate hike this year, ahead of the Reserve Bank's decision next week. The Guardian

the GuardianAustralia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this yearCPI release comes ahead of Reserve Bank decision next week as the Middle East conflict intensifies the cost-of-living crisis

When energy-driven price rises hit households, is raising interest rates the right tool, or does it mostly add to the squeeze?

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