Inflation Drops But Core Pressures Rise

Australia’s headline inflation dipped to 4% thanks to plummeting gas prices, but core inflation rose to 3.6%, signaling stubborn underlying price pressures. Home building costs surged 0.9%, and food prices jumped 3.3% annually—with takeout and restaurant meals up 4%. Markets still expect a rate hike by year-end at 56%, as economists debate whether slowing growth or persistent inflation, especially in food, will guide the RBA’s next move. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f4fa89ef53fe5e61