Australia inflation jumps to 4.3% ahead of Reserve Bank meeting
Australia's inflation rate rose more than expected in September, strengthening expectations that the Reserve Bank of Australia could raise interest rates at its meeting next week. The consumer price index increased by 0.8% in the month, up from 0.4% in August, while annual inflation accelerated to 4.3% from 4.0%, according to the Australian Bureau of Statistics. The data arrived just days before the central bank begins its board meeting on Monday and announces its decision on Tuesday afternoon.The figures showed that housing remained the largest contributor to annual inflation, rising 5.2% over the year. The ABS also said the trimmed... [Continue Reading]
360LiveNews | 28 Oct 2026 01:02 LONDON
More from 360LiveNews Opinion
