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Australia's inflation tops forecasts at 3.2%, highest in over a year
CNBC·2025-10-29 08:37

Australia's inflation accelerated in the third quarter, with consumer prices rising 3.2% from a year earlier — the fastest pace in more than a year — the Australian Bureau of Statistics said Wednesday. The increase topped the 2.1% rise in the second quarter and came in above the 3% forecast by economists polled by Reuters.The figure also pushed inflation beyond the Reserve Bank of Australia's 2%–3% target band for the first time since the second quarter of 2024, underscoring the challenge policymakers face ...