How will August’s inflation rate impact the RBA’s next rates decision? | ABC NEWS

The Monthly Consumer Price Index (CPI) indicator rose 3.0 per cent in the 12 months to August 2025, according to the Australian Bureau of Statistics. It was driven by increases in housing and food costs. KPMG’s chief economist Brendan Rynne says the uptick is unlikely to have a major impact on the RBA’s key decisions, predicting at least one more rate cut before the end of 2025. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2025-09-24/asx-markets-business-live-news/105809708 ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook: http://facebook.com/abcnews.au Follow ABC NEWS on Instagram: http://instagram.com/abcnews_au Follow ABC NEWS on X (Twitter): http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #abcnewschannel