Inflation expectations in Australia increased to 6% in November 2022 from 5.4% in October, rising for the first time since June and possibly reflecting recent data on official inflation, according to the Melbourne Institute. The November inflation expectation figure, based on a survey of consumers’ median expectations for price growth over the coming 12 months, was also the highest reading since July. The report further noted that uncertainty about inflation appears to have increased, with a decline in the proportion of consumers expecting higher inflation, and an increase in the proportion reporting ‘don’t know’ for year-ahead inflation. Wage expectations continue to be weak, with beliefs about inflation significantly outpacing beliefs about future wages. source: Melbourne Institute
Inflation Expectations in Australia averaged 4.34 percent from 1995 until 2022, reaching an all time high of 8.60 percent in July of 2008 and a record low of 2.80 percent in September of 2013. This page provides - Australia Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Inflation Expectations - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
Inflation Expectations in Australia is expected to be 6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Inflation Expectations is projected to trend around 2.90 percent in 2023, according to our econometric models.