Consumer inflation expectations increase in April
The expected inflation rate (30-per-cent trimmed mean measure) rose by 0.7 percentage points in April to 5.9 per cent. The sharp rise in April reflects the recent spike in oil prices. April’s trimmed mean measure is at its highest since November 2022. In contrast, trimmed mean wage expectations have remained unchanged for the past five months.
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The Melbourne Institute Survey of Consumer Inflationary Expectations measures are designed to represent the average householder’s expected rate of consumer price changes over the coming 12 months.
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