26-February-2026
Economy News
 
Australia's Core Inflation Hits 16-Month High, Raises Bets for May Rate Hike
25-Feb-2026

Australian consumer prices rose by more than expected in January, while core inflation hit the highest in over a year, an uncomfortable outcome for policymakers that raises the risk of another hike in interest rates. The Australian dollar gained 0.2% to $0.7073, while three-year government bond futures fell 4 ticks to 95.71. Investors raised bets of a rate hike in May from the Reserve Bank of Australia to 80%, up from 76% before the data.

News Source:- https://money.usnews.com/investing/news/articles/2026-02-24/australia-consumer-prices-rise-0-4-in-january-core-inflation-picks-up