Original article by Roy Morgan
Market Research Update – Page: Online : 22-Feb-23

In January 2023, Australians expected inflation of 5.3% annually over the next two years, down 0.7% points from December 2022. This is the largest monthly fall on record for Inflation Expectations and the largest two-month fall (-1.2% points). The early indications in February are that the decline in Inflation Expectations seen in January 2023 has continued, with the latest weekly reading falling to only 5.1%. A look at Inflation Expectations on a State-based level shows that the decline in Inflation Expectations was nation-wide in January; Inflation Expectations are now highest in Victoria at 5.5% (down 0.4% points from a month ago), Queensland at 5.5% (down 0.8% points) and South Australia at 5.5% (down 0.9% points). Looking at the Country/City divide shows large falls for each with Inflation Expectations in Country Areas at 5.8% (down 0.8% points on a month ago), still far higher than in Capital Cities at 5.1% (down 0.6% points). The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source which has interviewed an average of around 4,900 Australians aged 14+ per month over the last decade and includes interviews with 5,984 Australians aged 14+ in January 2023.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS