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CryptoWorld News reports that Citigroup's Chief Economist Josh Williamson stated that Australia's core inflation data for the first quarter was weak, masking the inflationary pressures released by the Middle East conflict. He pointed out that due to high oil prices, inflationary pressures could increase, with an expected overall inflation rate rising to 5.5% by mid-year and core inflation at 3.8%. Williamson believes that the Reserve Bank of Australia may revise its inflation forecast upward in May and raise interest rates in May and June, resulting in a final interest rate of 4.6%.