Inflation data to shape Reserve Bank rate decision

7News Just In · Jul 28, 2026 · 1m

Australia's consumer price index figures are due for release, with financial markets pricing in a 28 per cent chance of a Reserve Bank interest rate rise next month. The data comes as the fuel excise cut ends on Sunday, with Treasury warning that escalating US-Iran tensions could keep petrol prices elevated. The RBA governor has not ruled out a rate rise, though the bank may choose to wait and assess the impact of earlier rate decisions and Middle East peace negotiations.See omnystudio.com/listener for privacy information.