Original article by Roy Morgan
Market Research Update – Page: Online : 17-Jun-20
In May, Australians expected inflation of 3.3% annually over the next two years, down 0.3% points on April and 0.7% points on the pre-COVID period of February 2020. Analysing the different Inflation Expectations by home ownership status shows declines across the board over the last few months. The sharpest decreases in Inflation Expectations were for renters, down 1.0% point from February to 3.6% in May. However, renters still recorded the highest expectations for inflation compared to people who own their homes outright and those who are paying off their homes. Individuals who own their homes outright reported an Inflation Expectation of 3.3% in May, down 0.5% points on February; and mortgagors paying off their homes reported Inflation Expectations of only 2.9%, down 0.8% points on pre-pandemic February. Roy Morgan CEO Michele Levine says with Australia entering a recession, it is not surprising to see marked declines in Inflation Expectations over the last few months.
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