Original article by Roy Morgan
Market Research Update – Page: Online : 16-Jun-22

In May 2022, Australians expected inflation of 5.3% annually over the next two years, down 0.2% points from April and down 0.5% points from the high of 5.8% reached in March. However, since the Federal Election won by the ALP Inflation Expectations have increased in the last two weeks of May. Inflation Expectations in May are 1.6% points higher than a year ago and clearly above the long-term average of 4.7%. The usual gap between Inflation Expectations in Capital Cities (5.2%) and Country Areas (5.3%) had all but disappeared by May. Since January 2020 Inflation Expectations have been consistently higher in Country Areas (4.3%) than in Capital Cities (4.0%). The smaller than usual gap is illustrated by differing situations around Australia. In Victoria and SA Inflation Expectations are higher in Country Areas than in the Capital Cities. However, Inflation Expectations are higher in the Capital Cities than Country Areas in NSW, Queensland and WA. On a State-based level Inflation Expectations were again highest in the highly regional States of Tasmania (6.0%) and Queensland (5.5%). The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of 4,700 Australians aged 14+ per month over the last decade, and includes interviews with 6,021 Australians aged 14+ in May 2022.

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