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Show Notes
Rising tensions in the Middle East are driving up Australian petrol prices towards $2.50 per litre for 91 octane, with no discounting cycle in major capital cities. The flow-on effects are impacting inflation, electricity and gas costs, grocery prices, and shipping expenses, while financial markets now predict a 40% likelihood of an interest rate rise in March and near certainty for May. Economic experts warn Australians to brace for extended financial pressure as global insecurity affects household budgets across multiple sectors.
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