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Roy Morgan has released its monthly inflation expectations survey, which gauges inflation expectations over the next two years.
Inflation expectations fell 0.2% in May to 5.3%, but were stronger over the second half that the first half:
Inflation expectations are also slightly higher in capital cities (5.2%) than the regions (5.3%):
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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.