MNI: Australia MI Inflation Expectations Up Slightly In May

By Sophia Rodrigues

     SYDNEY (MNI) - Inflation expectations rose slightly in May but has remained

below 4.0% for seven months in a row. 

     Data published by the Melbourne Institute Thursday showed inflation

expectations on a trimmed mean basis rose to 3.7% in May, compared with 3.6% in

April.

     On a weighted mean basis, inflation expectations also rose slightly in May

to 2.4% from 2.3% but has remained below the mid-point of the Reserve Bank of

Australia's target band for nine months in a row. 

     From the Melbourne Institute Consumer Inflationary Expectations survey for

May published Thursday.

                                          May      April

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

                                    %, Annual  %, Annual

Expected Inflation (trimmed mean)        +3.7       +3.6

Expected Inflation (weighted mean)       +2.4       +2.3

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

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