Does a dry itchy raised new mole always mean cancer?

Rises high suspecion: Yes always have to make sure it is not dangerous melanoma , needs excision biopsy , early stages it is curable.

Get new mole checked: No, the fact that a mole is itchy and raised does not mean that you have skin cancer. However any unusual or new mole must be check by a dermatologist to be sure that it is not a melanoma (serious skin cancer).

Itchy : Not every itchy mole is cancerous. Not every raised mole is cancerous. With that said it is a good idea to have a mole that is changing(raised) and symptomatic (itchy) evaluated by a dermatologist to make sure it is not cancerous.