Expectations grow for interest rate hike next week after Australia’s inflation jumps to 3.8%
Rapidly rising consumer prices led to annual inflation growing from 3.4% to 3.8%Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastInflation jumped to 3.8% in the year to December, from 3.4% in the month before, as strong underlying...
<p>Rapidly rising consumer prices led to annual inflation growing from 3.4% to 3.8%</p><ul><li><p><a href="https://www.theguardian.com/australia-news/live/2026/jan/28/australia-news-live-anthony-albanese-timor-leste-heatwave-nsw-bushfires-victoria-weather-liberals-leadership-sussan-ley-andrew-hastie-angus-taylor-ntwnfb"><strong>Follow our Australia news live blog for latest updates</strong></a></p></li><li><p><strong>Get our </strong><a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl"><strong>breaking news email</strong></a><strong>, </strong><a href="https://app.adjust.com/w4u7jx3"><strong>free app</strong></a><strong> or </strong><a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl"><strong>daily news podcast</strong></a></p></li></ul><p>Inflation jumped to 3.8% in the year to December, from 3.4% in the month before, as strong underlying price growth added to the chance of a Reserve Bank rate hike on Tuesday.</p><p>The latest figures from the Australian Bureau of Statistics suggested that Australian households once again face a fight to bring rapidly rising consumer prices back under control.</p> <a href="https://www.theguardian.com/australia-news/2026/jan/28/inflation-rate-australia-cpi-rates-abs-data">Continue reading...</a>
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