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Australia Inflation Rises 0.8% In Q4

Consumer prices in Australia were up a seasonally adjusted 0.8 percent in the fourth quarter of 2013 compared to the previous three months, the Australian Bureau of Statistics said on Wednesday.

That was higher than forecasts for an increase of 0.4 percent but slower than the 1.2 percent jump in the third quarter.

On a yearly basis, inflation climbed 2.7 percent - also topping expectations for 2.4 percent following the 2.2 percent gain in the three months prior.

The Reserve Bank of Australia's trimmed mean and weighted median were both up 0.9 percent on quarter and 2.6 percent on year.

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