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Australian Inflation Jumps to 4%, Rate Hike Fears Grow

Original: ⚡ NEWS Australian Inflation Rises to 4% Amid Interest Rate Hike Fears Australian inflation jumped to 4% in the year to A

Australian inflation rose to 4% in the year to August, up from 3.5%, fuelling speculation the Reserve Bank may deliver a fifth interest rate hike before Christmas. Treasurer Jim Chalmers attributed the increase to higher prices, and the surprise jump has intensified debate over whether further monetary tightening is needed to bring inflation back to target.

Why now: The sharper-than-expected inflation rise raises the likelihood of another Reserve Bank interest rate hike affecting mortgages and the economy.

Reserve Bank of AustraliaJim ChalmersAustralia

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• ⚡ NEWS Australian Inflation Rises to 4% Amid Interest Rate Hike Fears Australian inflation jumped to 4% in the year to August, up from 3.5%, reigniting fears of a fifth interest rate hike by the Reserve Bank before Christmas. Treasurer Jim Chalmers attributed the rise to higher… · GeoWire · 3

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