# Australian inflation runs hot in Q3, adds to rate hike risk - Business Recorder

> 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.

- Date: 2026-10-31 · published 2026-11-01T06:11:03.490Z
- Category: macro · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/4280-australian-inflation-runs-hot-in-q3-adds-to-rate-hike-risk-business-recorder
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40446821

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