After six straight months of rises, Aussie inflation expectations fell in December, according to Roy Morgan:
In December 2021 Australians expected inflation of 4.8% annually over the next two years, down 0.1% points from the seven-year high reached in November 2021. The small decline ended a record six straight months of increases from June – November 2021.
Inflation Expectations are now 0.1% points above the long-term average of 4.7% and a large 1.2% points higher than a year ago in December 2020 (3.6%).
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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.
