Inflation expectations hit 7-year high

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.

There are 1057 words left in this subscriber-only article.

Get your first month for $1

Comments are hidden for Membership Subscribers only.