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Roy Morgan Research has published its Inflation Expectations survey for the month of March, which has almost recovered to pre-COVID levels but remain soft when viewed on an historical basis.
Australians now expect inflation of 3.8% annually over the next two years, the highest level since February and March last year (both 4.0%) and still 0.9% below the long-term average of 4.7% (see next chart).
Inflation expectations have almost recovered to their pre-COVID level.
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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.