Australia’s headline inflation rises to 4.3% ahead of Reserve Bank decision
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Australia’s headline consumer price inflation accelerated to 4.3%, and the Reserve Bank of Australia’s underlying measure reached 3.6% in the year to September, according to ABS figures released Wednesday. The cash rate is already 4.6%, a 15-year high; RBA officials have flagged a worse inflation outlook and most economists expect another hike at the 3 November meeting as the bank tries to pull price growth back toward its 2.5% target.
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