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Inflation rises as rate hike looms


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Australia's latest inflation figures show headline inflation steady at 3.8% while underlying inflation has risen to 3.4%, remaining outside the Reserve Bank's target band of 2-3%. Treasurer Jim Chalmers attributes the stubborn inflation to federal government energy rebates, while Shadow Treasurer Tim Wilson criticises government spending levels. The Reserve Bank board will meet on 16 March to decide on potential interest rate changes.

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