Economy · Canberra, Australia · October 28, 2026

Australia's inflation quickens on fuel costs

Reported by 2 outlets · first reported Oct 28, 1:58 AM ET · from an earlier edition that day

Australia's inflation rose in the third quarter, pushed by fuel. Markets bet on a fifth rate rise this year. Treasurer Jim Chalmers blamed global events.

Why it matters

Borrowers in Australia face higher loan repayments.

Background

Oil prices have risen since the Iran war began, lifting prices globally.

Sources

• Asharq Al-Awsat ↗Oct 28, 3:40 AM ET
• The Guardian ↗Oct 28, 1:58 AM ET

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