MNI Australia MI Inflation Expectations Rise In August

By Sophia Rodrigues

     SYDNEY (MNI) - Inflation expectations rose in August both on a trimmed and

weighted mean basis but remain within the ranges of the past year.

     Data published by the Melbourne Institute Thursday showed inflation

expectations on a trimmed mean basis rose to 4.0% from 3.9% in July, but was

below 4.2% seen in the June survey. 

     On a weighted mean basis, inflation expectations rose to 2.5%, the level it

touched in June for the first time in 10 months.

     From the Melbourne Institute Consumer Inflationary Expectations survey for

August published Thursday.

                                       August       July

--------------------------------------------------------

                                    %, Annual  %, Annual

Expected Inflation (trimmed mean)        +4.0       +3.9

Expected Inflation (weighted mean)       +2.5       +2.3

--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com

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