The Aporia
Farrer, M. (2026, October 27). Australian politics live: inflation expected to rise to 4.2%; eSafety head’s warning about women in senior roles. The Guardian. https://www.theguardian.com/australia-news/live/2026/oct/28/inflation-abs-labor-anthony-albanese-parliament-greens-david-shoebridge-one-nation-ntwnfb
Farrer, Martin. “Australian politics live: inflation expected to rise to 4.2%; eSafety head’s warning about women in senior roles.” The Guardian, 27 Oct. 2026, https://www.theguardian.com/australia-news/live/2026/oct/28/inflation-abs-labor-anthony-albanese-parliament-greens-david-shoebridge-one-nation-ntwnfb.
Farrer, Martin. “Australian politics live: inflation expected to rise to 4.2%; eSafety head’s warning about women in senior roles.” The Guardian, October 27, 2026. https://www.theguardian.com/australia-news/live/2026/oct/28/inflation-abs-labor-anthony-albanese-parliament-greens-david-shoebridge-one-nation-ntwnfb.
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As of October 28, 2026, Australia's inflation rate has surged to 4.3% year-over-year, with the consumer price index rising by 0.8% from August, surpassing previous expectations. The Reserve Bank of Australia (RBA)’s preferred measure of underlying inflation, the trimmed mean, increased to 3.6%, remaining above its target range despite four interest rate hikes this year. This acceleration has heightened anticipation for a potential fifth interest rate hike at the RBA’s next meeting on November 3, with financial markets pricing in over 60% probability for such an increase. Deputy governor Andrew Hauser warned of a "nightmare" risk that prolonged high inflation could become entrenched, complicating efforts to return prices to more manageable levels.