Fresh price data indicates price pressures stay high but limited. Analysts point to three key factors that interest rate hikes may not fix. Diesel prices reached a record high, pushing up expenses for the broader economy.

Global banks are bracing for another Federal Reserve hike in light of fresh inflation surprises. Central bankers are shifting toward a tougher stance. In Australia, the Reserve Bank faces pressure for a fifth increase ahead of its cash rate meeting. The data heightens concerns about stubborn inflation.