Australia's consumer inflation accelerates to 3.8% in October, overshooting estimates | Crypto Craft

  • Australia's consumer inflation accelerates to 3.8% in October, overshooting estimates

    From cnbc.com

    Australia’s inflation accelerated in October, exceeding analysts’ estimates and rising at its fastest pace in seven months, data from Australian Bureau of Statistics showed Wednesday. The consumer price index rose 3.8% in October, year on year, marking its fastest pace since April, based on data released by ABS going back to April 2024. That was higher than economists’ average estimate for a 3.6% rise in a Reuters poll. This is the first time that the ABS has released the complete monthly consumer price index, as the government transitions from quarterly CPI to using the monthly gauge as the primary measure for ... (full story)

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Trader#781E
Nov 26, 2025 7:55pm
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... The largest contributor to consumer inflation was the housing sector that saw price growth of 5.9% ...

https://www.pm.gov.au/media/albanese...-buyers-sooner

Who would have thought that increasing demand and ignoring supply would cause something like this.






https://www.abs.gov.au/media-centre/...r-october-2025

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... Prices for beef and lamb have both risen by more than 10 per cent over the past 12 months, due to strong overseas demand for Australian red meat...

That is due to Trump and his mad cows

Great for farmers. Terrible for us consumers. I like steak. Of the non-mad-cow type.
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