Fears grow for fourth rate hike after Australia sees higher-than-expected July inflation
Bureau of Statistics says CPI was 3.5% in July, casting doubt on Reserve Bank meeting its 2.5% inflation target without further hikeFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFears…
By · August 26, 2026 · 1 min read
This article was originally published by
The Guardian World
and is republished here under license.
Bureau of Statistics says CPI was 3.5% in July, casting doubt on Reserve Bank meeting its 2.5% inflation target without further hike
Fears are growing that the Reserve Bank will hit millions of mortgage holders with a fourth rate hike this year, after inflation eased in July but by far less than expected.
Consumer prices climbed by 3.5% through the year, down from 3.8% in the previous month, according to the Australian Bureau of Statistics.
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