Inflation expectations highest in seven years

From Roy Morgan Research:

In October 2021 Australians expected inflation of 4.8% annually over the next two years, up 0.3% points, and the highest Inflation Expectations for seven years since November 2014. Inflation Expectations are now a large 1.3% points higher than a year ago in October 2020 (3.5%).
Inflation Expectations are now 0.1% points above the long-term average of 4.7%, the first time the measure has been above the long-term average for more than nine years since June 2012.

Inflation Expectations for Women are over 1% point higher than for men

A look at Inflation Expectations by Gender and Age shows the gap between women and men is persisting and has widened slightly in recent months. Women’s Inflation Expectations are at 5.3% in October 2021 compared to 4.2% for men.

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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.