Original article by Roy Morgan
Market Research Update – Page: Online : 20-Sep-23

In August 2023, Australians expected inflation of 5.4% annually over the next two years, down 0.2% points from July. This is also down 0.2% points from a year ago in August 2022 (5.6%) and in line with the monthly average so far this year of 5.4%. The latest weekly Inflation Expectations are now at 4.9% in mid-September – the lowest weekly Inflation Expectations for 18 months since early February 2022, before Russia invaded Ukraine. The softening in Inflation Expectations in recent weeks suggest that the RBA’s decision to leave interest rates unchanged at its last three board meetings may be the correct decision, but there are still significant pressures in the economy. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,000 Australians aged 14+ per month over the last decade and includes interviews with 5,982 Australians aged 14+ in August.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS