Original article by Roy Morgan
Market Research Update – Page: Online : 22 September August 2021

In August 2021, Australians expected inflation of 4.3% annually over the next two years, up 0.2% points and the highest Inflation Expectations since November 2018. Inflation Expectations are now up 1.1% points since the pandemic low of 3.2% in August 2020. Inflation Expectations are still 0.4% points below their long-term average of 4.7% but are now 0.8% points higher than the 2020 monthly average of 3.5%. A look at Inflation Expectations by Federal Voting Intention shows big increases across the board from a year ago, and up significantly from two years. Inflation Expectations for L-NP supporters increased 1.1% points from a year ago to 4.2% in August and are now 0.7% points higher than two years ago in August 2019. In fact, the Inflation Expectations of L-NP supporters are now at their highest level since November 2014. The Inflation Expectations of Greens supporters have increased faster than any other over the last year and are up 1.5% points to 3.9% – but are still lower than supporters of all other parties. The Inflation Expectations for ALP supporters are at 4.2% in August, up 0.9% points from a year ago and now 0.5% points higher than two years ago in August 2019. On a State-based level Inflation Expectations are highest and well above the national average in both Tasmania at 4.7% and Queensland at 4.5%.

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