Australian inflation in July and August surges at the fastest pace since 1990

Borrowers WILL cop another big interest rate rise next week as inflation surges at the fastest pace since 1990

  •  Inflation surged by 7 per cent in year to July and 6.8 per cent annually in August
  • This was the highest annual headline inflation reading since December 1990 
  • This makes the Reserve Bank of Australia most likely to raise rates in October 

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Written by Bourbiza Mohamed

I have 26 years of experience as a professional writer and editor and have been working as a full time freelancer since 2011. I am originally from Casablanca, Morocco, and I graduated from Qatar University with a degree in journalism. I have worked for newspapers, magazines, news agencies, websites. I speak fluent Arabic, French, English, Russian and Spanish.

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