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By Rodrigo Santos Andrade
New data from the Australian Bureau of Statistics (ABS) has revealed inflation surged to 3.8 per cent in the year to December while the trimmed mean inflation lifted to 3.3 per cent.
Sky News Business Editor Ross Greenwood says effectively, the Reserve Bank of Australia “will raise interest rates” next Tuesday.
“It’s almost got no choice but to do so,” he said.
Tags: Australian News, Breaking News Australia, Sky News Australia