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.
