2022

March

• The Inflation Gauge recorded higher prices for February

February

• Inflation remains elevated in January 2022, driven by growth in housing-related prices
• Inflation and interest rates weigh on Consumer Sentiment
• Inflation expectations continue to remain high in February
• Leading Index now signalling above trend growth

January

• The Inflation Gauge recorded higher prices for December
• Consumer Sentiment remarkably resilient in January
• Inflation expectations remain elevated in January, wage expectations also higher
• Leading Index currently 'marking time' amid uncertainty
• States were recovering strongly before Omicron outbreaks
• Strong growth likely in the December quarter before Omicron-related weakening in 2022