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

The latest weekly Inflation Expectations are at 5.0% for the week of April 15-21. This figure is in line with the average over the last 12 weeks of surveying since late January – also of 5.0% – and up slightly from the month of March. A look at the monthly Inflation Expectations for March 2024 showed the measure at 4.9% for the month, a decrease of 0.1% points on February (5.0%). The figure of 4.9% for the month of March 2024 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 March ended, Inflation Expectations moved higher through the first few weeks of April and are now marginally higher in late April. A likely driver of the increases in Inflation Expectations during April 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 5,999 Australians aged 14+ in March 2024.

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ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS