SYDNEY  -Australia's inflation accelerated in August, driven by a surge in fuel prices, but the gain was in line with expectations and a measure of core inflation eased further, lessening any immediate pressure for the central bank to hike interest rates again. The Australian dollar was little changed at around 64 cents and three-year government bond yields eased 3 basis points to 4.029 . Markets also slightly increased the bets for a fourth straight rate pause from the Reserve Bank of Australia next month to 92 percent, from 87 percent before.

https://business.inquirer.net/423327/australias-aug-inflation-picks-up

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