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: sophia.rodrigues@marketnews.com

[TOPICS: MTABLE,MALDS$,M$A$$$,M$L$$$,MT$$$$]