Consumer inflation expectations unchanged in September

The expected inflation rate (30-per-cent trimmed mean measure) was unchanged in September at 4.9 per cent. This follows from a period of moderation between May and July. Although trimmed mean expectations are still well below April’s spike, they are also slightly higher than inflation expectations recorded at this time last year. Last month’s spike in wage expectations appears to have been a temporary blip, with expectations about year-ahead pay growth falling to 1.2 per cent.

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Next release: 11 am (AEDT), Thursday 8 October 2026


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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Asociate Professor Sam Tsiaplias

stsiaplias@unimelb.edu.au

03 9035 3353

  • SURVEY OF CONSUMER INFLATIONARY AND WAGE EXPECTATIONS