Inflation expectations remain suppressed

Wednesday 12 May 2021

Roy Morgan has released its inflation expectations survey for April, with Australians expecting inflation of only 3.7% over the next two years – well below the RBA’s inflation target of 2% to 3% inflation annually:

Inflation expectations have rebounded from their COVID low, but remain depressed.

However, it is the first time since June 2018 that Inflation Expectations are now higher than they were a year ago (3.6%).

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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.