Australia’s unemployed have the highest Inflation Expectations at 5.5%

Original article by Roy Morgan
Market Research Update – Page: Online : 18-Jul-18

Australians aged +14 expect inflation of 4.5% per year over the next two years, according to the Roy Morgan Inflation Expectations Index for June 2018. This is up 0.2% from a month ago, and up 0.3% on June 2017. Inflation Expectations have now tracked in a narrow range between 4.3%-4.5% for 12 straight months since July 2017. Following this month’s fall, Inflation Expectations remain well below the eight-year average of 5.0%. Analysis by employment status shows that Inflation Expectations are up amongst all categories over the past year. The biggest increase is for unemployed Australians, who now have Inflation Expectations of 5.5% (up a significant 0.7% from a year ago), while the smallest increase is for Australians employed full-time (up only 0.2% to 4% and the lowest of any employment category). June Inflation Expectations are based on a nationwide face-to-face survey of 4,300 Australians aged 14+.

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