Inflation expectations are starting to rise

Friday, 5 March 2021

Roy Morgan Research has released its Inflation Expectations survey for the month of February, which is recovering to pre-COVID levels but remain soft on a historical basis.

Australians now expect inflation of 3.7% annually over the next two years, the highest level since February and March last year (both 4.0%) and still 1% below the long-term average of 4.7% (see next chart).

Australian inflation expectations are recovering to pre-COVID levels.

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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.