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RBA’s Stubborn Inflation Pressure | Adelaide News
Inflation dipped slightly in July to 3.5%, but the RBA’s preferred gauge, the trimmed mean, stubbornly held at 3.6% for three straight months—sparking fears of another rate hike. Housing, food, recreation, and fuel costs surged, with transport up 7.5% as fuel relief faded. While headline figures look better, underlying inflation remains sticky, with some analysts projecting it could hit 3.7%. With the RBA’s target range at 2.5–3%, pressure mounts: a September hike is now seen as likely, with odds pegged at 30–40%. Mortgage holders brace for another round of higher borrowing costs. Listen in…
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