Consumer inflation expectations decline in November
The expected inflation rate (30-per-cent trimmed mean measure) fell by 0.3 percentage points in November to 4.5 per cent. Inflation expectations fell in November, following a period of rising expectations. Despite the fall, sharp month to month changes continue to suggest heightened consumer disagreement about the short-term path of inflation. In contrast to lower expected inflation, expected wage growth rose for a second consecutive month in November.
The November 2025 Survey of Consumer Inflationary and Wage Expectations was released at 11 am (AEST), Thursday 13 November 2025. The December 2025 Survey of Consumer Inflationary and Wage Expectations will be released at 11 am (AEDT), Thursday 18 December 2025.
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. Further information can be found here.