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Despite last week’s Q4 CPI shocker, Australian inflation expectations have eased on the back of lower petrol prices.
Roy Morgan’s monthly inflation expectations report posted a 0.5% decline in inflation expectations to 6.0% in December 2022:
This mirrors the significant fall in petrol prices in the final month of the year with the average retail price dropping by over 15 cents per litre:
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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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