Original article by Roy Morgan
Market Research Update – Page: Online : 18-Oct-22

In September 2022, Australians expected inflation of 5.4% annually over the next two years, down 0.2% points from August. Inflation Expectations in September are 0.9% points higher than a year ago, and 2.2% points above the record low of 3.2% reached in June 2020. Although Inflation Expectations have dropped for a second straight month, the return of the full petrol excise at the end of September is set to lead to higher inflation expectations going forward. A deeper look at Inflation Expectations by employment status shows that the largest increase has been for people who are unemployed, up 2.6% points to 6.4% since the measure reached a record low in June 2020. The second highest Inflation Expectations are for those people who are under-employed, employed part-time but wanting more work, up 2% points to 5.8% since June 2020. On a State-based level Inflation Expectations were highest in New South Wales at 5.8% and Tasmania at 5.6%. 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 6,069 Australians aged 14+ in September.

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