Original article by Roy Morgan
Market Research Update – Page: Online : 24-Nov-21

In November 2021, Australians expected inflation of 4.9% annually over the next two years, up 0.1% points, and the highest Inflation Expectations since November 2014. Inflation Expectations are now 0.2% points above the long-term average of 4.7%, and 1.5% points higher than a year ago (3.4%) – the largest year-over-year increase in the index in the history of the series. A look at Inflation Expectations by Area shows a significant difference between how people in Capital Cities and Country Areas regard future price movements. Australians living in Capital Cities expect inflation of 4.7% annually over the next two years (up 1.6% points from the low of 3.1% in June 2020); those living in Country Areas expect far higher inflation, at 5.3% (up 2.1% points from June 2020). People in Country NSW expect inflation of 5.1% compared to 4.6% in Sydney, while in Country Victoria expected inflation is 5.5% compared to 4.9% in Melbourne. People in Country Queensland expect inflation of 5.8% (higher than any other Country Area or Capital City), compared to only 4.5% in Brisbane. The only exception to this trend is in South Australia; people in Adelaide expect inflation of 4.6%, compared to 4.2% in Country South Australia.

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