Consumer inflation expectations fell in July
The expected inflation rate (30-per-cent trimmed mean measure) fell by 0.8 percentage points in July to 4.7 per cent. Following the spike in trimmed mean inflation expectations recorded in April, inflation expectations have moderated for a third month running. Wage expectations, by comparison, have remained unchanged for the past eight months.
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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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