Australia Inflation Rises In August
Housing and fuel costs drove the increase, while underlying inflation held at 3.6% and markets raised expectations for another rate hike.
- On Tuesday, the Reserve Bank lifted the official cash rate to 4.6 per cent as Australian Bureau of Statistics figures showed annual headline inflation jumped to 4 per cent in August from 3.5 per cent.
- The Reserve Bank has lifted interest rates four times this year as headline inflation remained above the 2-3 per cent target for the 13th straight month, pressuring policymakers to act.
- Housing costs rose 5.7 per cent, the largest contributor to annual inflation, while automotive fuel prices surged 14.8 per cent in August, driving transport costs up 5.6 per cent for the year.
- During a press conference in Melbourne on Wednesday, Prime Minister Anthony Albanese cited $178 billion in government savings while criticizing the Coalition's promise of $110 billion in new spending.
- The Reserve Bank warned it would lift rates "further if needed" to control inflation, with the Monetary Policy Board set to meet in early November to consider another increase.
27 Articles
27 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...
Coverage Details
Bias Distribution
- 35% of the sources lean Left, 35% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium

























