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Australia’s rising inflation lifts risk of 4th rate hike

A shopper leaves a supermarket at a shopping center in Sydney on Wednesday, July 27, 2022. Inflation in the year through June was 6.1%, up from 5.1% in the year through March, the Australian Bureau of Statistics said. (AP Photo/Rick Rycroft) Shoppers look at produce at a shopping center in Sydney on Wednesday, July 27, 2022. Inflation in the year through June was 6.1%, up from 5.1% in the year through March, the Australian Bureau of Statistics said. (AP Photo/Rick Rycroft) Shoppers look at produce at a shopping center in Sydney on Wednesday, July 27, 2022. Inflation in the year through June was 6.1%, up from 5.1% in the year through March, the Australian Bureau of Statistics said. (AP Photo/Rick Rycroft) A shopper enters a supermarket at a shopping center in Sydney on Wednesday, July 27, 2022. Inflation in the year through June was 6.1%, up from 5.1% in the year through March, the Australian Bureau of Statistics said. (AP Photo/Rick Rycroft)