In July Australians expected inflation of 3.4% annually over the next two years, up 0.2% points on the record low in June. Inflation Expectations are down a significant 0.7% points on a year ago.
For much of Australia the month of July began with hope that the COVID-10 pandemic was successfully being dealt with but as the month progressed the virus re-emerged.
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
