{
  "id": 16841922,
  "title": "Australian inflation runs hot in Q3, cements case for imminent rate rise",
  "url": "https://urgent.news/2026/10/28/australian-inflation-runs-hot-in-q3-cements-case-for-imminent-rate",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T03:45:28.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/banking-finance/australian-inflation-runs-hot-q3-cements-case-imminent-rate-rise"
  },
  "original_language": "en",
  "account": "In the third quarter, Australia's inflation rose, indicating that stubborn price pressures will likely lead to a fifth interest rate hike in the near future. Higher fuel costs contributed to the increase in inflation, which now stands at a 15-year high. The Australian Bureau of Statistics reported that the consumer price index (CPI) increased by 1.3% in the third quarter, with the core inflation measure rising by 1% and the annual pace reaching 3.7%, surpassing the RBA's target range of 2-3%. Market expectations have risen, with an 88% probability that the Reserve Bank of Australia (RBA) will raise the cash rate by 0.25% to 4.9% on November 3, up from the previous 69% probability. RBA deputy governor Andrew Hauser warned that inflation could become embedded in expectations after more than five years of being above target. The increase in oil prices, which has risen by 10% this quarter, is also causing concerns among policymakers.",
  "summary": "Stubborn inflation has forced the RBA to lift interest rates four times this year to a 15-year high",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Guardian",
        "title": "Australian politics live: inflation expected to rise to 4.2%; eSafety head’s warning about women in senior roles",
        "url": "https://urgent.news/2026/10/27/australian-politics-live-inflation-expected-to-rise-to-4-2-esafety",
        "published": "2026-10-27T19:48:48.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Miners lift Australian shares ahead of inflation data",
        "url": "https://urgent.news/2026/10/28/miners-lift-australian-shares-ahead-of-inflation-data",
        "published": "2026-10-28T05:28:51.000Z"
      }
    ]
  },
  "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."
}