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Inflation surges within a day of RBA's rate call
Original: Inflation surges less than 24 hours after brutal RBA call | 9 News Australia
Australia's latest inflation figures have come in higher, arriving less than 24 hours after the Reserve Bank of Australia delivered a widely described 'brutal' interest rate decision. The timing has sharpened debate over whether the central bank moved hard enough and what the inflation surge means for further rate moves, household budgets and the government's economic standing.
Why now: The stark timing between the RBA's tough rate call and the fresh inflation data is fuelling concern about the direction of interest rates and the cost of living.
Reserve Bank of AustraliaAustralia9 News Australia
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- Inflation surges less than 24 hours after brutal RBA call | 9 News Australia · 9 News Australia · 133.8K
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