Melbourne Institute Inflation Expectations Survey
Over the past six months or so, the survey has generally reflected continuing concerns about price pressures. While month-on-month figures have shown some volatility, the overall trend suggests that consumers remain wary of sustained levels of inflation, particularly due to rising costs of goods and services. necessary
In several of the recent releases, expected inflation rates were rising above historical averages, driven by ongoing supply chain disruptions, higher energy prices, and global economic uncertainty. This aligns with a broader sense of caution among Australian households, who appear to be anticipating continued cost of living pressures in the near term.
At the same time, the data indicated periods of slight improvement, with a few monthly readings showing a slight decrease in expectations. These issues often coincided with periods of relative stability in fuel prices. However, such a temporary decline did not significantly change the underlying narrative: consumers generally expected inflation to remain high, even as the pace of price increases varied.
From the RBA website, the current official inflation rate:
The next official inflation data is due from the Australian Bureau of Statistics on January 29. We get both Q4 and December (monthly) reading.
