Aussie inflation expectations hit 7-year high

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ANZ-Roy Morgan has released its weekly inflation expectations survey, which rose 0.2% back to its seven year high of 5.0%:

This follows Roy Morgan’s survey earlier this month, which also showed inflation expectations tracking near 5% over the next two years:

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Higher petrol prices and supply chain bottlenecks are clearly having an impact.

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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.