Roy Morgan has released inflations expectations for November, which has reached a seven year high:
In November 2021 Australians expected inflation of 4.9% annually over the next two years, up 0.1% points, and the highest Inflation Expectations for seven years since November 2014.
Inflation Expectations are now 0.2% points above the long-term average of 4.7% and are now a large 1.5% points higher than a year ago in November 2020 (3.4%) – the largest year-over-year increase in the index in the history of the series.
Inflation Expectations for Country Areas are over 0.5% points higher than for Capital Cities
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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.
