Financial News: Australia Inflation Rises To 3.8%

Australia Inflation Rises To 3.8%

01/28/2026 - 01:54:00 (RTTNews)

(RTTNews) - Australia's consumer price inflation accelerated in December on housing and food prices, the Australian Bureau of Statistics said Wednesday.

The consumer price index logged an annual growth of 3.8 percent in December, following November's 3.4 percent rise. Inflation was expected to rise marginally to 3.5 percent.

However, trimmed mean inflation slowed to 3.3 percent from 3.2 percent in November. The largest contributor to annual inflation was housing, food and non-alcoholic beverages and recreation and culture, data showed.

Driven by the surge in electricity prices, annual goods inflation rose slightly to 3.4 percent from 3.3 percent in November.

At the same time, services inflation accelerated to 4.1 percent from 3.6 percent a month ago. The main contributors were domestic holiday travel and accommodation and rents.

On a monthly basis, consumer prices rose at a pace of 1.0 percent in December after remaining flat in November.

At the December meeting, the Reserve Bank of Australia had retained the rate for the third straight month. At 3.6 percent, the key cash rate remains the lowest since March 2023.

JP Morgan's chief economist Ben Jarman said he expects RBA to hike its key rate by 25 basis points at its next week's meeting.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Inflation Rises To 3.8% (01 hr(s), 18 min(s), 56 sec(s) ago)
(RTTNews) - Australia's consumer price inflation accelerated in December on housing and food p ...Full Story»

Malaysia Producer Prices Fall 2.7% (01 hr(s), 34 min(s), 56 sec(s) ago)
(RTTNews) - Malaysia's producer prices continued to decline at the end of the year, figures fr ...Full Story»

BoJ Mintes On Tap For Wednesday (19 min(s), 04 sec(s) ago)
(RTTNews) - The Bank of Japan will on Wednesday release the minutes from its Dec. 17-18 monetary p ...Full Story»

Five-Year Note Auction Attracts Average Demand (01 min(s), 04 sec(s) ago)
(RTTNews) - Continuing this week's series of announcements of the results of its long-term sec ...Full Story»

U.S. Consumer Confidence Index Unexpectedly Plunges To 11-Year Low In January (19 min(s), 04 sec(s) ago)
(RTTNews) - The Conference Board released a report on Tuesday unexpectedly showing a significant d ...Full Story»

UK Shop Price Inflation Accelerates (54 min(s), 04 sec(s) ago)
(RTTNews) - UK shop prices increased at a faster pace in January largely due to higher energy cost ...Full Story»

Lithuania Retail Sales Growth Weakest In 7 Months (29 min(s), 04 sec(s) ago)
(RTTNews) - Lithuania's retail sales growth moderated further in December to the lowest level ...Full Story»

Spain Jobless Rate Falls To 9.93% (24 min(s), 04 sec(s) ago)
(RTTNews) - Spain's unemployment rate dropped below 10 percent for the first time since the gl ...Full Story»