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Australia's inflation tops forecasts, core at 16-month high add to rate hike risk
Australian consumer prices rose by more than expected in January, while core inflation hit the highest in over a year, an uncomfortable outcome for policymakers that raises the risk of another hike in interest rates. The Australian dollar gained 0.2% to $0.7073, while three-year government bond futures fell 4 ticks to 95.71. Investors raised bets of a rate hike in May from the Reserve Bank of Australia to 80%, up from 76% before the data. Data from the Australian Bureau of Statistics out on Wednesday showed its monthly consumer price index (CPI) rose 0.4% in January, from the previous month, driven by higher costs ... (full story)
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In the 12 months to January 2026: • The Consumer Price Index (CPI) rose 3.8%, unchanged from 3.8% in the 12 months to December 2025. • The largest contributors to annual inflation were Housing (+6.8%), Food and non-alcoholic beverages (+3.1%) and Recreation and culture (+3.7%). • Trimmed mean inflation was 3.4%, up from 3.3% in the 12 months to December ...
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Bitcoin remained tethered near the the lower end of its recent trading range even as global financial markets showed signs of a renewal of risk appetite, keeping the token on course for its steepest monthly decline since 2022. The original cryptocurrency fell as much as 3% to around $62,557, before paring the decline on Tuesday. It’s now down roughly 24% in ...
