Australian inflation hits a post-1990 peak

Australian inflation hits a post-1990 peak

#Australian #inflation #hits #post1990 #peak

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tldr; Australia’s inflation rate rose to a new 32-year high of 7.8% in the final quarter of the fiscal year of 2022, rising at its steepest pace since March 1990. The annualized figure of a rise in consumer prices was backed by higher prices in food, automotive fuel, and new residential construction, according to the Australian Bureau of Statistics.

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