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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.
AUSTRALIA DATA
The Melbourne Institute’s consumer inflation expectations for the next 12 months for November rose 0.5% m/m to 6.0% after 5.4% last month. This was the highest annual rate since July 2022 but not unexpected given the inflationary news of the past month (see Price Developments Point To Higher Inflation Expectations). Overall inflation outcomes and forecasts were higher, and this was particularly the case for energy-related items.
- The RBA is likely to monitor this closely to see if this jump in inflation expectations is sustained, as it is concerned that inflation expectations may become deanchored or that there will be a change in price- and wage-setting psychology.
- The Q4 average of expectations has risen to 5.7%, slightly below Q3’s 5.9%, pointing to elevated inflation again in Q4, which is when the RBA expects it to peak.
Quarterly MI inflation expectations vs CPI y/y%
Source: MNI - Market News/Refinitiv/ABS/MI
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.
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