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Economic News

Is a Recession Coming? Hunter Says the RBA Sees "No Signs of That Yet"

Four rate rises in a year, falling house prices in most capitals and an unemployment rate that has drifted up: it is not hard to see why the word "recession" surfaces in conversations about the Australian economy. Sarah Hunter, the Reserve Bank's Assistant Governor …

Sonal Goyal | 28 October 2026

Government Spending and Rates: Why the RBA Won't Tell Canberra How Much to Spend

Whenever interest rates rise, a familiar question follows: is government spending making the Reserve Bank's job harder? It is a question Sarah Hunter, the RBA's Assistant Governor (Economic), faced on 60 Minutes in an interview with Adam Hegarty, recorded on 21 October and broadcast …

Sonal Goyal | 28 October 2026

4.0% to 4.3% in a Month: Inside September's Inflation Jump

At 11.30 am (AEDT) on 28 October 2026, the Australian Bureau of Statistics released the Consumer Price Index for September. The headline number was 4.3 per cent: the rise in prices over the 12 months to September, up from 4.0 per cent in the …

Sonal Goyal | 28 October 2026

Fuel Up 23.6%: How Oil Prices Powered September's CPI Rise

Drivers did not need the Australian Bureau of Statistics to tell them fuel had become more expensive. But the scale of the increase, published on 28 October 2026 in the September Consumer Price Index, is striking: automotive fuel prices rose 23.6 per cent over …

Sonal Goyal | 28 October 2026

Rebates Gone, Bills Up 12.8%: Electricity's Role in the Inflation Spike

Electricity prices in the Consumer Price Index rose 12.8 per cent over the 12 months to September 2026, according to the Australian Bureau of Statistics. The reason, the ABS said, was mainly the end of Commonwealth electricity rebates.

Sonal Goyal | 28 October 2026

Underlying Inflation Edges Up to 3.6%: Why the Trimmed Mean Matters Most to the Board

Every inflation release produces a headline number, and September's was eye-catching: consumer prices rose 4.3 per cent over the year, according to the Australian Bureau of Statistics. But tucked beneath it was a quieter figure that tells a different, and arguably more important, story …

Sonal Goyal | 28 October 2026

Strip Out Petrol and Fruit and It's Still 3.7%: The Inflation Gauge That Ignores Volatility

Petrol bowsers have been an obvious place to look for the cause of Australia's latest inflation rise. Automotive fuel prices rose 23.6 per cent in the 12 months to September 2026, and 9.4 per cent in the month of September alone, according to the …

Sonal Goyal | 28 October 2026

Goods 4.6%, Services 4.1%: Price Pressure Is Coming From Both Sides of the Ledger

Fuel and electricity explain much of the goods side, while services inflation reflects domestic pressures such as labour costs, rents and demand.

Sonal Goyal | 28 October 2026

Rents Rising 3.6% a Year: What September's CPI Shows for Tenants

For Australia's renters, the monthly Consumer Price Index (CPI) is more than an abstract economic statistic. The rent component tracks what tenants are paying to keep a roof over their heads, and the September 2026 figures released by the Australian Bureau of Statistics (ABS) …

Sonal Goyal | 28 October 2026

From a 7.9% Peak to Back Above Target: Bullock Retraces Australia's Inflation Journey

It was within the 2–3 per cent target range for a period in 2024 and 2025, picked up in the second half of 2025, and has been above target since.

Sonal Goyal | 28 October 2026
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