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The GuardianWorld1h ago

Inflation jumps to 4.6% in Australia as Iran war fuel shock begins to bite

Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next Tuesday •Get our breaking news email, free app or daily news podcast Inflation jumped to 4.6% in the year to March, from 3.7% the month before, in what experts say is the start of an Iran war-linked fuel shock that will ripple through the economy over coming months. Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next Tuesday, as officials

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