Original article by Roy Morgan
Market Research Update – Page: Online : 2-Feb-22

In December 2021, Australians expected inflation of 4.8% annually over the next two years, down 0.1% points from the seven-year high reached in November. The small decline ended a record six straight months of increases from June to November. Inflation Expectations are now 0.1% points above the long-term average of 4.7% and 1.2% points higher than in December 2020 (3.6%). A look at Inflation Expectations by socio-economic quintile shows increases across the board since the measure reached a low in August 2020 during Victoria’s second wave of COVID-19. Australians in the highest ‘AB Quintile’ have experienced the largest increase since mid-2020, with their Inflation Expectations rising 1.8% points to 4.1% in December 2021. However, this is still significantly lower than all four other socio-economic quintiles. On a State-based level, Inflation Expectations were highest in two States, with large regional populations led by Tasmania at 5.5% and also well above the national average in Queensland at 5.2%. Queensland is unique as a State with more people living in regional areas than the capital city of Brisbane.

CORPORATES
ROY MORGAN LIMITED