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Wednesday, September 30, 2026
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Article The Guardian World News

Inflation leaps to 4% stoking fears of fifth interest rate hike before Christmas

The Guardian World News September 30, 2026 · 4:40 am Read Original
Pessimistic -41.0
−100 Bearish 0 +100 Bullish
Inflation leaps to 4% stoking fears of fifth interest rate hike before Christmas

Jim Chalmers says ‘higher global oil prices flowing through to oil prices in Australia’ are to blame for inflation rising from 3.5%Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastInflation has jumped to 4% in the year to August, from 3.5%, as Jim Chalmers was again forced to defend Labor’s economic management amid fears the Reserve Bank will need to hike interest rates again before Christmas.The increasingly embattled treasurer was accused of “gaslighting” Australians by insisting that government spending was not responsible for high inflation, blaming instead higher fuel costs associated with the ongoing US-Israel war on Iran. Continue reading...

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Article Info
Source The Guardian World News
Published Sep 30, 2026 · 4:40 am
Article ID rs7co5a
Original URL Open source
Sentiment Signal
Pessimistic -41.0
−100Neutral+100
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