Original article by Roy Morgan
Market Research Update – Page: Online : 27-Mar-24

The latest weekly Inflation Expectations are at 5.1% for the week of March 18-24. This figure is in line with the average over the last 15 weeks of surveying since early December – also of 5.1% – and up slightly from the month of February. A look at the monthly Inflation Expectations for February 2024 shows the measure at 5.0% for the month, a decrease of 0.1% points on January (5.1%). The figure of 5.0% for the month of February was the lowest monthly inflation figure since January 2022 (4.9%). Looking back over the last few months, since mid-December 2023 weekly Inflation Expectations have moved in a narrow band of 4.8% to 5.3%. After February ended, Inflation Expectations dipped in early March, but have now recovered and have moved higher in late March. A likely driver of this week’s increase in Inflation Expectations is the recent strength in the retail price of petrol which is now over $2 per litre. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,100 Australians aged 14+ per month over the last decade, and includes interviews with 5,998 Australians aged 14+ in February 2024.

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ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS