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Australian consumer prices rose 1.3 percent in the third quarter, with annual CPI at 3.9 percent and trimmed mean core inflation at 3.6 percent, both above the RBA's target range. Fuel costs drove much of the increase.
Markets raised the implied probability of a quarter-point rate hike to the RBA's 4.6 percent cash rate meeting next Tuesday to 85 percent, and the Australian dollar rose 0.3 percent to USD0.7043.
Higher Australian rates tend to support the Australian dollar, which raises the cost of Australian-origin feed inputs for importers. Persistent fuel-driven inflation also keeps input and freight costs elevated for feed buyers.
brecorder.comReutersOct 31, 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.
