Economic Buzz: Australia inflation rebounds to 3.2% in Q3

Australia?s inflation rose to 3.2% in Q3 from 2.1% in Q2, the highest in over a year. The jump was driven by a sharp rise in fuel and electricity costs, along with higher prices for housing, food, clothing, and recreation. Services inflation also picked up, signaling broader price pressures. The rebound reduces expectations of any near-term policy easing by the RBA.

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