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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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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