{
  "id": 15828706,
  "title": "Australia inflation outlook ‘materially worse’, RBA deputy Hauser says",
  "url": "https://urgent.news/2026/10/21/australia-inflation-outlook-materially-worse-rba-deputy-hauser-says",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T01:04:56.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/australia-inflation-outlook-materially-worse-rba-deputy-hauser-says-4961451"
  },
  "original_language": "en",
  "account": "Australia's inflation outlook is set to worsen, with the Reserve Bank of Australia's Deputy Governor Andrew Hauser warning of this during a recent conference in Sydney. Hauser stated that upcoming third-quarter data is expected to confirm this view. He noted that businesses are increasingly passing on higher costs, potentially leading to higher inflation expectations. Despite a slight easing in the labor market, inflation has been consistently above expectations. Hauser warned that businesses may now consider 3.5% inflation as the new normal, and that entrenched high prices could necessitate further rate hikes. The RBA has already raised interest rates four times this year by a total of 1% to combat persistent inflation, which has been steadily increasing over the past year. Factors contributing to the inflationary pressure include surging oil prices due to the U.S.-Iran conflict and rising electronics costs associated with artificial intelligence. Consumer price index (CPI) inflation in Australia reached 4% in August, significantly higher than the RBA's target range of 2% to 3%. While markets had reduced expectations for a fifth rate hike this year, Hauser's comments have subsequently altered this view, with some markets now pricing in a 40% chance of another rate hike when the RBA meets in early November.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Guardian",
        "title": "Odds of fifth interest rate hike this year likely to shorten as RBA deputy warns inflation outlook ‘worsening’",
        "url": "https://urgent.news/2026/10/20/odds-of-fifth-interest-rate-hike-this-year-likely-to-shorten-as-rba",
        "published": "2026-10-20T23:19:07.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "RBA's Hauser: Inflation outlook appears worse than forecast, slightly above expectations",
        "url": "https://urgent.news/2026/10/20/rbas-hauser-inflation-outlook-appears-worse-than-forecast-slightly",
        "published": "2026-10-20T23:36:36.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}