Inflation expectations off the lows

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:

Roy Morgan inflation expectations

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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