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Dow Jones Newswires: Australia’s Q4 inflation fanned by surging travel, electricity costs

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By James Glynn

SYDNEY–Australian consumer prices rose by more than expected in the fourth quarter, dashing hopes that the Reserve Bank of Australia would soon pull back from aggressively raising interest rates.

The jump in prices came as Australians eagerly booked domestic and international holidays, throwing off the shackles that have kept…

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