# Australia Q3 inflation surprisingly strong, adds to rate hike risk

> Australian consumer price inflation in Q3 rose 1.2% quarter on quarter, above the 1.1% forecast, and annual inflation eased to 5.4%. Markets raised the odds of an RBA rate hike next month, and the Australian dollar rose 0.6%.

- Date: 2023-10-25 · published 2023-10-25T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/33880-australia-q3-inflation-surprisingly-strong-adds-to-rate-hike-risk
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Sticky inflation raising rate-hike odds strengthens the AUD and tightens financial conditions, with limited direct impact on feed commodity prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- fvbb.com: https://fvbb.com/ns/australia-q3-inflation-surprisingly-strong/139542

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.