Australia’s inflation dips. But is interest rate hike still possible? Economist weighs in

Australia’s annual inflation eased to 3.4 per cent in November 2025, down from 3.8 per cent in October, according to ABS data. Housing remained the biggest driver of price growth, rising 5.2 per cent, followed by food and non-alcoholic beverages (3.3 per cent) and transport (2.7 per cent). In this podcast, economist Devika Shivadekar breaks down the latest inflation data and explains what the easing trend could signal for interest rates ahead of the RBA’s meeting next month.