Inflation expectations bounce back from record low

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From Roy Morgan Research:

In October Australians expected inflation of 3.5% annually over the next two years, up 0.2% points from September and now up 0.3% points on the record low in August. However, Inflation Expectations are still a significant 0.5% points below the pre-pandemic month of March 2020.

The opening up of Australia continued during October with Victoria finally exiting a 16-week lockdown late in the month and border restrictions between various States being relaxed. Inflation Expectations increased in all States since August except Victoria which has the lowest in the nation at only 3.2% (unchanged).

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About the author
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.