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Australian shares lift but inflation spurs rate worries

Higher inflation lifted the Australian dollar and increased market odds of a November Reserve Bank rate hike, investors said.

The local share market has pared some of its early gains after a hotter-than-expected inflation print narrowed the odds of an imminent interest rate hike.

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PerthNow broke the news in Osborne Park, Australia on Wednesday, October 28, 2026.
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