Original article by Roy Morgan
Market Research Update – Page: Online : 17-May-23

In April 2023, Australians expected inflation of 5.3% annually over the next two years, down 0.3% points from March. The monthly decrease in Inflation Expectations came before the RBA decided to increase interest rates in early May and before last week’s Federal Budget. The monthly decrease in April has been sustained in the first two weeks of May, with weekly Inflation Expectations still at 5.3% in mid-May and averaging 5.3% since late March. A look at Inflation Expectations on a State-based level shows Inflation Expectations declining in most States in April; however, Queensland and Tasmania bucked the trend. A key factor to take account of is that Queensland and Tasmania are the two most decentralised States in Australia, with the majority of the population living outside the respective Capital Cities. 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 7,489 Australians aged 14+ in April.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS