Daily Market Updates: Australia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this year

Global Markets

Home›Global Markets›North America›Australia’s inflation rate rises to 4.3%, fuelling fea…

Australia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this year

Reported · Written up by our desk · North America

CPI release comes ahead of Reserve Bank decision next week as the Middle East conflict intensifies the cost of living crisis Follow our Australian politics live blog for latest updates Get our daily political email , free app or daily news podcast Australia’s headline inflation rate has accelerated to 4.3%, with a key gauge that strips out volatile prices also elevated, sharpening expectations of another interest rate rise next week. The Reserve Bank of Australia’s preferred measure of consumer prices, called underlying inflation, came in at an annual 3.6% to September. Continue reading...

← Newer storyJio Platforms IPO listing today: Check exact time of shares trading;…Older story →How China’s ancient capital staked a claim to the nation’s fastest ex…

More like this

Global MarketsHuawei opens defence in US criminal trial, touting its record of innovation

Global MarketsNvidia's $12.9 billion Hugging Face deal draws DOJ scrutiny

Global MarketsCanadian Oil Discount Exceeds $30 Amid Gulf Coast Pressures

Global MarketsExplained: Why US Fed Reserve decided to not hike rate after FOMC meeting? What Chair Kevin Warsh said in press speech

Global MarketsBudget briefing: the key questions answered by Heather Stewart and Pippa Crerar

Sources

Guardian EconomicsAustralia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this year

Global Markets

Australia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this year

More like this

Sources

Get the close, explained.