2026.01.0700:39:20UTC+00Australia Inflation Rate Hits 3-Month Low

In November 2025, Australia's annual inflation rate decreased to 3.4% from 3.8% in October, falling short of market expectations of 3.7% but still surpassing the Reserve Bank of Australia’s target range of 2–3%. This represents the slowest rate of inflation since August. The deceleration is attributed to housing prices, which increased at their slowest rate in three months (5.2% compared to 5.9% in October), largely due to a reduction in electricity prices (19.7% as opposed to 37.1%) following the end of government rebate programs. There was also a slight easing in price growth for alcohol and tobacco (4.3% compared to 4.4%), clothing (5.1% compared to 5.4%), furnishings (1.3% compared to 2.1%), health (3.6% compared to 4.0%), and recreation (2.0% compared to 3.2%). Conversely, transport, education, and financial services saw stable inflation rates at 2.7%, 5.4%, and 2.5% respectively, while food prices remained high at 3.3%, up slightly from 3.2%. On a month-to-month basis, the Consumer Price Index remained unchanged, mirroring October's performance.