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NEWS Australia inflation races to 32-year high, sounds rate alarm

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SYDNEY -- Australian inflation raced to a 32-year high last quarter as the cost of home building and gas surged, a shock result that stoked pressure for a return to more aggressive rate hikes by the country's central bank. Read More ...

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I have a family member that moved to Australia 8 years ago and he and his wife are making moves to come to America. Apparently, things are much worse over there.
 

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