Consumer inflation expectations increased in August
The expected inflation rate (30-per-cent trimmed mean measure) rose by 0.2 percentage points in August to 4.9 per cent. This follows from a three-month period of moderating inflation expectations. Wage expectations also rose in August, after remaining static for a prolonged period. Further data are required, however, to gauge the sustainability of the expected wage increase.
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The Melbourne Institute Survey of Consumer Inflationary Expectations measures are designed to represent the average householder’s expected rate of consumer price changes over the coming 12 months.
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