Inflation rate rises to 4.3 per cent in September, raising rate hike expectations
Australia's annual inflation rate rose to 4.3 percent in September, driven primarily by increased housing and transport costs. The data has led markets to anticipate a likely interest rate hike by the Reserve Bank of Australia next week.
Why it matters
Rising inflation and potential interest rate hikes directly impact the cost of living and mortgage affordability for Australian households.
The RBA deputy recently warned the inflation outlook was now "materially worse". ( AAP: Alan Porritt )
Inflation rose to 4.3 per cent in the year to September, driven by housing and transport costs.
Underlying inflation also edged up, after August's figures were revised lower.
Markets now overwhelmingly expect the Reserve Bank to hike interest rates next Tuesday.
Link copied Share Share article Australia's inflation rate rose more than expected in September, raising expectations of an interest rate hike next week.
The consumer price index rose to 0.8 per cent in the month, from 0.4 per cent in August, taking annual inflation to 4.3 per cent, up from 4 per cent a month earlier, the Australian Bureau of Statistics (ABS) said.
"Housing was the largest contributor to annual inflation in September, rising by 5.2 per cent," ABS head of price statistics Rachael McCririck said.
Headlinne story · 3 newsrooms
Australian Inflation Accelerates to 4.3 Percent Prompting Expectations of Rate Hike
What every outlet reported, where they differ, and how each framed it →
Also covering this story
2 other newsrooms covered this event. We read each version separately.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in