Aussie inflation expectations push 7-year high

Roy Morgan Research has released its inflation expectations survey for January, which hit its highest level since late 2014:

In January 2022 Australians expected inflation of 4.9% annually over the next two years, up 0.1% points from December 2021. The level of Inflation Expectations in January equals the seven-year high reached in November 2021 – the highest since November 2014.

Inflation Expectations are now 0.2% points above the long-term average of 4.7% and a large 1.3% points higher than a year ago in January 2021 (3.6%)…

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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.