Australian EconomyAustralian interest rates

Rising inflation expectations crashes consumer confidence

Leith van Onselen
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ANZ-Roy Morgan has recorded a strong rise in inflation expectations, which has jumped to 5.6% – its highest reading since November 2012 on the back of soaring petrol prices:

Australian inflation expectations

Highest since November 2012.

This drove the consumer confidence index down 4.3% to its lowest level since October 2020:

Australian consumer confidence

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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.
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