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MNI: Australia Inflation Expectations Consistent With Target

By Sophia Rodrigues
     SYDNEY (MNI) - Inflation expectations remain anchored in Australia at 4.0%
in October on a trimmed mean basis for three months in a row, and in the middle
of the Reserve Bank's target band on a weighted mean basis.
     Data published by Melbourne Institute Thursday showed inflation
expectations was at 4.0% on average in the last six months on a trimmed mean
basis. On a weighted mean measures, it rose slightly to 2.5% in October from
2.4% in September. It has been steady in the tight 2.3% to 2.5% range in the
last six months.
     From the Melbourne Institute Consumer Inflationary Expectations survey for
September published Thursday.
                                      October  September
                                    %, Annual  %, Annual
Expected Inflation (trimmed mean)        +4.0       +4.0
Expected Inflation (weighted mean)       +2.5       +2.4
--MNI Sydney Bureau; tel: +61 2-9716-5467; email:

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