Rate hike ‘all but certain’ as inflation well above RBA’s target

News Brief: English

Summary

Australia’s inflation rate for December 2025 came in hotter than forecast at 3.8% annually, increasing pressure on the Reserve Bank of Australia (RBA) to raise interest rates at its first meeting of 2026 next week.

Key Points

  • Inflation Data: Annual CPI rose to 3.8% in Dec 2025 (up from 3.4% in Nov). The quarterly trimmed mean (3.4% annual) also exceeded forecasts.
  • RBA Decision: The RBA meets on Feb 3, 2026. Major banks now forecast a 0.25 percentage point rate hike, though some economists suggest it may be a one-off move.
  • Key Drivers: Housing costs (+5.5% annually) were the largest contributor, followed by food & non-alcoholic beverages (+3.4%). Electricity rebates significantly influenced the data.
  • Economic Impact: Higher rates would increase mortgage costs. Economists say a hike next week is now highly likely, signaling persistent inflation concerns.
  • Human Impact: Rising living costs are forcing difficult choices, as illustrated by a pensioner moving to cheaper housing and cutting back on essentials.

新闻简报:中文

摘要

澳大利亚2025年12月的年通胀率升至3.8%,高于预期,这加大了澳大利亚储备银行(RBA)在下周2026年首次会议上加息的压力。

关键要点

  • 通胀数据:2025年12月年度消费者价格指数(CPI)升至3.8%(11月为3.4%)。季度截尾均值(年率3.4%)也超出预期。
  • 央行决策:澳储行将于2026年2月3日召开会议。四大银行均预测将加息0.25个百分点,但部分经济学家认为这可能是一次性举措。
  • 主要推手:住房成本(年增5.5%)是最大贡献者,其次是食品与非酒精饮料(+3.4%)。电费补贴对数据有显著影响。
  • 经济影响:加息将增加抵押贷款成本。经济学家认为下周加息几成定局,表明对通胀持续性的担忧。
  • 民生影响:生活成本上涨迫使民众做出艰难选择,例如一位养老金领取者为节省开支被迫搬迁并削减基本消费。

Original Article Link: https://www.abc.net.au/news/2026-01-28/inflation-ahead-of-rba-rate-decision-december-quarter-cpi/106277748

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