Advertisement
ANZ-Roy Morgan’s latest consumer confidence report shows that sentiment remains in the gutter on increasing concerns around inflation.
As shown in the next chart, consumer confidence is tracking at the lowest level since last winter’s Delta outbreak:
Meanwhile, weekly inflation expectations rose 0.4ppt to 6.4% last week, its highest weekly reading since June 2012:
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.