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Inflation Expectations May Rise Again In February

AUSTRALIA DATA

Today the Melbourne Institute’s measure of consumer inflation expectations for February is released. Since mid-2022, they have been moving in the same direction as petrol prices. In January price expectations rose to 5.6% from 5.2% after petrol prices started the month higher. They have risen over the first two weeks of February and stand 0.6% higher than in January. Thus, we could see another rise in inflation expectations today. Recent media focus on cost-of-living pressures and the more hawkish RBA this month could also add to inflation expectations.


Australia inflation expectations vs petrol prices

Source: MNI – Market News/Refinitiv/Australian Institute of Petroleum

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