The increase in the cost of living has surged to its highest level in 20 years, with inflation hitting 5%; a gunman is on the run after a deadly shooting in Sydney's south-west, which police believe was gang-related; Australian internet users are set to experience super charged speeds, thanks to infrastructure which is being hailed the 'nation's new backbone.' Presented by Jodie Spears. More news across the day on 7NEWS.com.au and 7Plus.

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