Australian Q3 PPI +1.0% q/q (prior +0.2%) and +3.5% y/y (prior +3.4%)

Australian Q3 PPI +1.0% q/q

• prior +0.2%

+3.5% y/y

• prior +3.4%

The Australian Bureau of Statistics said the quarterly rise of 1% was driven by growth in the services and construction industries, while sustained demand for residential property continued to drive rental price increases.

Forget about Reserve Bank of Australia rate cuts for a good while:

• Preview - RBA to hold rates as sticky inflation delays next cut to 2026 – Reuters poll