Rising oil prices and inflation fears threaten Australian economy
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Reserve Bank of Australia, National Australia Bank
Australia
July 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 17/24/2026, 2:11:12 AM
Petrol prices in Australia are expected to rise due to renewed Middle East hostilities. Brent crude oil prices have surged, impacting domestic inflation expectations. The Reserve Bank of Australia faces pressure to raise interest rates again by year-end.
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