Business

Australian Inflation Rises to 4%

Updated 2026-09-30 05:10 UTC 1 source Negative

Inflation in Australia has risen to 4%, stoking fears of a fifth interest rate hike before Christmas. Jim Chalmers attributes the increase to higher global oil prices.

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The Guardian

Inflation leaps to 4% stoking fears of fifth interest rate hike before Christmas

Jim Chalmers says ‘higher global oil prices flowing through to oil prices in Australia’ are to blame for inflation rising from 3.5%Fol

2026-09-30 04:40 UTC