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Australia's Inflation Slows, Rate Hike Looms Amid Concerns

1/7/2026

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Summary

Story summary

On January 7, 2026, data showed Australian consumer prices rose less than expected in November, with the annual inflation rate slowing to 3.4%.
Core inflation remains a concern as investors price in a February rate hike by the Reserve Bank of Australia (RBA).
The RBA cut rates to 3.6%, but may tighten due to persistent inflation, especially housing costs.
The jobless rate remains at 4.3%, indicating a resilient labor market.

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Story summary

On January 7, 2026, data showed Australian consumer prices rose less than expected in November, with the annual inflation rate slowing to 3.4%.
Core inflation remains a concern as investors price in a February rate hike by the Reserve Bank of Australia (RBA).
The RBA cut rates to 3.6%, but may tighten due to persistent inflation, especially housing costs.
The jobless rate remains at 4.3%, indicating a resilient labor market.