Original article by Roy Morgan
Market Research Update – Page: Online : 12-May-20
In April, Australians expected inflation of 3.6% annually over the next two years, down 0.4% on March as the impact of COVID-19 hit the Australian economy. Beneath the headline figure for April there are significant differences between key demographics, including women and men. Women expect price increases of 4.2% per year over the next two years while men expect prices to increase by 3%. This gap is evident for all age groups and most pronounced for those aged 50-64. Women aged 50-64 expect inflation of 5.2% – higher than any other age group, while men expect inflation of only 3.2%. Longer-term trends show the inflation expectations of women average being 0.8% higher than men. Another trend we see consistently is higher inflation expectations for older Australians aged 50+ compared to those under that age, which is confirmed by the latest April figures. Roy Morgan CEO Michele Levine says the disparity between the inflation expectations of women and men is consistent, and even during the COVID-19 pandemic this trend continues.
ROY MORGAN LIMITED