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Recession fears ahead of more interest rate rises #Recession #fears #ahead #interest #rate #rises #englishheadline


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High inflation could mean additional interest rate rises for Australian households as the Reserve Bank tries to fend off a potential recession.

Annual inflation rose on Wednesday to 7.8 per cent in the year to December – contributing to a nine per cent increase in household energy bills.

Power bills are tipped to rise even further ahead of a potential rate hike to 3.35 per cent.

Economists are predicting Australia’s rental crisis to worsen as rental fees continue to climb to their highest rates since 2012 amid a nationwide vacancy shortage.

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