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Inflation Expectations Ease To Lowest In 14 Months

AUSTRALIA DATA

Melbourne Institute consumer inflation expectations for April eased to 4.6% from 5%, their lowest since February 2022. This was the third consecutive monthly decline and is consistent with the RBA’s view that inflation has peaked and that inflation expectations remain anchored. They peaked at 6.7% in June 2022. Expectations also points to a further moderation in monthly CPI inflation in the months ahead. The important Q1 and March CPI data print on April 26.


Australia MI inflation expectations vs monthly CPI y/y%

Source: MNI - Market News/ABS/Refinitiv

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