Inflation set to climb to three-year highs as oil surges

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Source: The Age
Published: 2026-03-08 14:33 UTC+10:00
Section: Politics / Federal
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Energy, Economy & Finance, Business & Economy
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Snippet:
A surge in petrol prices that will hit motorists this week could drive inflation to three-year highs and force the Reserve Bank into choosing between protecting a weakened economy or lifting interest rates to stop runaway prices.
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