ABS says CPI was 3. 5% in July, casting doubt on Reserve Bank meeting its 2. 5% inflation target without further hike Fears are growing that the Reserve Bank will hit millions of mortgage holders with a fourth rate hike this year, after inflation eased in July but by far less than expected.
Source: [Guardian World](https://www.theguardian.com/australia-news/2026/aug/26/fears-grow-for-fourth-rate-hike-after-higher-than-expected-july-inflation-rate)