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Australia's inflation rose to 3.0% in August, driven by higher food, housing, and electricity costs, though underlying inflation remains stable.
Australia’s annual inflation rose to 3.0% in August from 2.8% in July, above forecasts, as food, housing, alcohol, tobacco, and electricity costs climbed, with electricity up 24.6% after rebates ended.
Services inflation, led by dining and insurance, also accelerated.
The RBA’s preferred trimmed mean fell slightly to 2.6%, keeping underlying inflation within the 2–3% target for nine straight months.
The Reserve Bank is expected to hold rates, with NAB now forecasting no cuts until May 2026, abandoning earlier bets on a November move.
The RBA meets next on September 29, though markets see easing delayed until at least November.
La inflación de Australia subió al 3,0% en agosto, impulsada por mayores costos de alimentos, vivienda y electricidad, aunque la inflación subyacente permanece estable.