MNI BRIEF: EU Will Prioritise Local Firms In Rearming - VDL

MNI: Canada CPI Rise Is Broader Than End Of Sales Tax Break

test headline

MNI China Daily Summary: Tuesday, March 18

MNI BRIEF: China Electricity Demand Up In February

MNI BRIEF: Beijing Industrial Value Added Up In Jan Feb

EZ/UK T-Bill Calendar: Portugal, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: 30-Year Bunds On Offer Wednesday

MNI: US FEB INDUSTRIAL PROD +0.7%; CAP UTIL 78.2%

GERMANY: Handelsblatt Report on Lingering Uncertainties Ahead of Bundestag

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AUSTRALIA DATA: Inflation Expectations Lowest Since 2021

AUSTRALIA DATA
APACAustraliaData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

The Melbourne Institute’s consumer inflation expectations rose sharply by 0.6pp to 4.6% in February but more than reversed that in March with a 1pp decline to 3.6%. This was the lowest reading since Covid-impacted August 2021 and is now down around 3pp from June 2022’s peak. 

  • With Westpac citing inflation as still the main news item recalled by respondents in its consumer confidence survey, cost-of-living issues remain a problem. Lower inflation combined with higher nominal disposable incomes should help support consumption going forward.
  • The near-term downward revision in the RBA’s expectations for underlying inflation and its increased confidence that it is returning sustainably to the band likely helped to drive inflation expectations lower in March.
  • Petrol prices are down this month to date and may have also helped to reduce inflation expectations.
  • February CPI data is released on March 26. 

Australia underlying inflation %

Keep reading...Show less
147 words

To read the full story

Close

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.

The Melbourne Institute’s consumer inflation expectations rose sharply by 0.6pp to 4.6% in February but more than reversed that in March with a 1pp decline to 3.6%. This was the lowest reading since Covid-impacted August 2021 and is now down around 3pp from June 2022’s peak. 

  • With Westpac citing inflation as still the main news item recalled by respondents in its consumer confidence survey, cost-of-living issues remain a problem. Lower inflation combined with higher nominal disposable incomes should help support consumption going forward.
  • The near-term downward revision in the RBA’s expectations for underlying inflation and its increased confidence that it is returning sustainably to the band likely helped to drive inflation expectations lower in March.
  • Petrol prices are down this month to date and may have also helped to reduce inflation expectations.
  • February CPI data is released on March 26. 

Australia underlying inflation %

Keep reading...Show less