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Inflation comes in hot, ending chance of rate cut

Annual inflation climbed to 3.8%, driven by a 37.1% rise in electricity prices and higher housing costs, dimming chances of a Reserve Bank of Australia rate cut in 2025.

Inflation rose to 3.8 per cent in October in a major blow to anyone hoping for another interest rate cut.

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WA today broke the news in Northbridge, Australia on Wednesday, November 26, 2025.
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