Australia Inflation Rises In August
Higher petrol, housing and transport costs pushed annual inflation to 4.0%, while the Reserve Bank’s preferred underlying measure stayed at 3.6% for a third month.
- On Wednesday, the Australian Bureau of Statistics reported headline inflation climbed to 4% in August, up from 3.5% in July, exceeding the Reserve Bank of Australia's 2-3% target range.
- The Reserve Bank raised the cash rate to a 15-year high of 4.6% on Tuesday, marking its fourth increase this year to combat persistent price pressures.
- Housing costs surged 5.7% over the past year, while automotive fuel prices jumped 14.8% in August, driving the headline increase despite trimmed mean inflation holding steady at 3.6%.
- Rising inflation has increased the probability of a November 3 rate hike, as the central bank remains prepared to tighten policy further if domestic price growth remains elevated.
- RBA Governor Michele Bullock noted monetary policy impacts do not "happen overnight," emphasizing the bank's focus on ensuring excess demand slows to reduce inflation sustainably.
37 Articles
37 Articles
Australia Inflation Rises In August
Australia's consumer price inflation accelerated in August on higher housing and transport costs, the Australian Bureau of Statistics said Wednesday. Consumer price inflation rose to 4.0 percent from 3.5 percent in July. Inflation continues to remain above the central bank target range of 2-3 percent.
Australia's Aug inflation rises to 4.0%, slightly below expectations
Australia’s annual inflation rate accelerated to a three-month high of 4.0% in August 2026, up from 3.5% in July, driven primarily by surging transport costs and housing inflation. The reading came in slightly below market expectations of 4.1%
Australia inflation stubbornly high in August, defying run of rate hikes
By Stella Qiu and Wayne Cole SYDNEY, Sept 30 (Reuters) - Australian inflation accelerated in August as fuel costs surged anew and price pressures remained broadly based, showing little impact as yet from a run of interest rate increases this year. Stic...
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