Loading…
Australian consumer prices rose 1.0% in July, above the 0.8% forecast, as fuel prices jumped 7.5%. Core inflation also beat expectations, and the annual rate eased to 3.5% from 3.8%.
Markets raised the odds of a fourth Reserve Bank of Australia rate hike this year.
Hotter Australian inflation lifts rate-hike bets, which firms the Australian dollar and raises the cost of Australian grain and meal in US dollar terms. Higher fuel costs also feed into freight and farm input costs.
reuters.comStella QiuAug 26, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
