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

The latest weekly Inflation Expectations are at 5.6% for the week of November 13-20; this is up 0.1% points from a week ago and 0.3% points higher than the month of October. A look at the monthly Inflation Expectations for October shows the measure at 5.3% for the month, an increase of 0.1% points on September (5.2%). In the month of October 2023 Australians expected inflation of 5.3% annually over the next two years, and this has continued to increase since. The increase in Inflation Expectations in the month of October is important given that this is the first increase in the monthly indicator since June. The latest ABS monthly CPI estimate for September also showed an increase at 5.6%, up 0.7% points from 4.9% in the year to July. 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 7,495 Australians aged 14+ in October 2023.

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ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS