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From Roy Morgan Research:
In September 2021 Australians expected inflation of 4.5% annually over the next two years, up 0.2% points and the highest Inflation Expectations for three years since October 2018. Inflation Expectations are now a large 1.2% points higher than a year ago in September 2020 (3.3%).
Inflation Expectations are still 0.2% points below their long-term average of 4.7% but are now a full 1% point higher than the record low 2020 monthly average of 3.5%.
Inflation Expectations are up the most for Australians aged under 60
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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.