Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Melbourne Institute inflation expectations were steady in June at 5.2%. While it is down 1.5pp from June 2022, it has only been below 5% twice since the RBA started hiking in May last year. It remains elevated as grocery, services and petrol prices are rising. This week Westpac reported from its consumer survey that inflation was assessed as the most negative issue, more so than rates, but also the one that participants had the highest recall with 62% remembering news on inflation. Since the RBA doesn’t have a more medium-term consumer inflation expectations measure, the stickiness of the MI data and the increase in May NAB final product prices are going to keep it alert.
Australia MI inflation expectations vs monthly headline CPI y/y%
Source: MNI - Market News/Refinitiv
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.