Inflation expectations off the lows

Tuesday 8 June 2021

Roy Morgan has released its inflation expectations survey for May, 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, Inflation Expectations are now tracking well above where they were a year ago (3.3%).

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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.