RBA Watches Underlying Inflation Rise

Australia’s inflation dropped on the surface but sneaked up underneath—headline figures fell to 4%, thanks to cheaper gas, but the RBA’s key trimmed mean jumped to 3.6%, sparking fresh debate over another rate hike. Housing costs, up 6.5%, are driving the rise, fueled by vanished government rebates, soaring electricity bills, and climbing rents. With three rate hikes already this year, the RBA is walking a tightrope: tame inflation without crushing jobs. Tomorrow’s labor market data will be the next big clue in their decision-making. 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/38f0f34fc41f2e5c