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Inflation Expectations Ease And Suggest End 2022 Price Peak

AUSTRALIA DATA

Melbourne Institute consumer inflation expectations in March eased to 5% from 5.1% but still didn’t break below 5% where it has been stuck for the last year, despite a recent drop in petrol prices. It is now down 1.7pp from its June 2022 peak. Q1 inflation expectations have eased to 5.2% from Q4’s 5.5%, which is another indicator suggesting that price pressures peaked at the end of last year, in line with the RBA’s thinking.


Australia CPI y/y% vs MI consumer inflation expectations %

Source: MNI - Market News/Refinitiv

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