Australian inflation rises to 3.8pc

CANBERRA, Nov. 26 (Xinhua) -- Australia's annual rate of inflation increased to 3.8 percent in October on the back of rising housing costs, according to Kenya breaking news | Kenya news today |..

✨ Key Highlights

Australia's annual inflation rate rose to 3.8 percent in October, driven primarily by increasing housing costs. This latest figure represents an increase from 3.6 percent in September.

The largest contributor to inflation was a 5.9 percent increase in housing costs.
The Australian Bureau of Statistics (ABS) released this data, marking the first publication of its new "complete" monthly CPI.
The Reserve Bank of Australia (RBA) had previously projected headline inflation not to exceed 3.1 percent through the end of 2027.

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