INFLATION (FINANCE) – AUSTRALIA

ANZ-Roy Morgan Inflation Expectations up slightly to 5% in late August – up from 4.8% for the month of July

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Original article by Roy Morgan
Market Research Update – Page: Online : 27-Aug-25

The weekly ANZ-Roy Morgan Inflation Expectations were 5% for the week of 18-24 August, up 0.2% points from the month of July but down from the peak of 5.2% in early August. A look at monthly Inflation Expectations for July 2025 shows the measure at 4.8% for the month – unchanged from June and level with the average so far this year (also 4.8%). Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.2% since the start of July 2024 and averaged 4.8%. A look at Monthly Inflation Expectations on a State-based level for July shows mixed results, with increases in Queensland, South Australia and Tasmania; this was offset by decreases in Victoria and Western Australia, leaving the overall figure unchanged from a month ago. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,300 Australians aged 14+ per month over the last decade, and includes interviews with 4,036 Australians aged 14+ in July 2025.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

ANZ-Roy Morgan Inflation Expectations up slightly to 4.9% in late July – up from 4.8% for the month of June

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Original article by Roy Morgan
Market Research Update – Page: Online : 30-Jul-25

The weekly ANZ-Roy Morgan Inflation Expectations were 4.9% for the week of 21-27 July, up 0.1% points from the month of June but down from the peak of 5% in early July. A look at monthly Inflation Expectations for June 2025 shows the measure at 4.8% for the month – an increase of 0.2% points from May and level with the average so far this year (also 4.8%). Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.2% since the start of June 2024 and averaged 4.8%. A look at Monthly Inflation Expectations on a State-based level for June shows mixed results, with increases in New South Wales, Victoria and Western Australia driving the overall increase. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,300 Australians aged 14+ per month over the last decade, and includes interviews with 4,051 Australians aged 14+ in June 2025.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Treasurer’s calling but RBA puts him on hold

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Original article by Greg Brown, Matthew Cranston
The Australian – Page: 1 & 6 : 9-Jul-25

Treasurer Jim Chalmers says the Reserve Bank’s decision to leave the cash rate on hold is not the outcome that millions of Australians were hoping for and financial market had expect. Most economists had expected a rate cut on Tuesday, and financial markets had priced in a near-100 per cent chance. However, RBA governor Michele Bullock contends that traders were too focused on the monthly inflation data for June, which showed a headline rate of 2.1 per cent; she says the monthly figures are volatile and the RBA board is not yet convinced that inflation is that low in a "sustainable way". The RBA will instead wait for inflation data for the June quarter to be released at the end of this month. Six members of the monetary policy board voted to leave the cash rate at 3.85 per cent, while three favoured a rate cut.

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY

ANZ-Roy Morgan Inflation Expectations increased slightly to 4.7% in mid-June – up from 4.6% for the month of May

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Original article by Roy Morgan
Market Research Update – Page: Online : 25-Jun-25

The weekly ANZ-Roy Morgan Inflation Expectations were 4.7% for the week of 16-22 June, up 0.1% points from the month of May, following a volatile period for the measure in early June. A look at monthly Inflation Expectations for May 2025 shows the measure at 4.6% for the month – a decrease of 0.2% points from April and level with the near four year low reached in February 2025 (4.6%). Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.2% since the start of May 2024 and averaged 4.8%. A look at Monthly Inflation Expectations on a State-based level for May shows mixed results, with an increase in Queensland, an unchanged result in Western Australia and falls in the four other States. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,300 Australians aged 14+ per month over the last decade, and includes interviews with 4,090 Australians aged 14+ in May 2025.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Win on pay but productivity goes begging

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Original article by Ewin Hannan
The Australian – Page: 1 & 5 : 4-Jun-25

ACTU secretary Sally McManus has welcomed the Fair Work Commission’s decision to grant a pay rise of 3.5 per cent for people on the minimum wage and award wages. The minimum wage will rise by about $32 per week, to $948. McManus notes that the above-inflation wage rise represents a 1.1 per cent increase in real wages. However, the Australian Industry Group’s CEO Innes Willox argues that real wages growth is only sustainable when it is linked to productivity improvements. Prime Minister Anthony Albanese contends that the FWC’s ruling will not increase prices for consumers, while it will ensure that workers do not fall behind with regard to the cost of living.

CORPORATES
ACTU, AUSTRALIA. FAIR WORK COMMISSION, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

ANZ-Roy Morgan Inflation Expectations dropped to 4.5% in mid-May – down from 4.8% for the month of April

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Original article by Roy Morgan
Market Research Update – Page: Online : 21-May-25

The weekly ANZ-Roy Morgan Inflation Expectations were 4.5% for the week of 12-18 May, down 0.3% points from the month of April, following two straight weekly declines in early May. However, a look at monthly Inflation Expectations for April shows the measure at 4.8% for the month – a second consecutive monthly increase of 0.1% points from the nearly four-year low in February of 4.6%. Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.2% since the start of May 2024, and averaged 4.8%. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,300 Australians aged 14+ per month over the last decade, and includes interviews with 5,129 Australians aged 14+ in April 2025.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

ANZ-Roy Morgan Inflation Expectations increased to 5.1% in late April – up from 4.7% for the month of March

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Original article by Roy Morgan
Market Research Update – Page: Online : 30-Apr-25

The weekly ANZ-Roy Morgan Inflation Expectations were 5.1% for the week of 21-27 April, up 0.4% points from the month of March, following two straight weekly increases in late April. However, a look at monthly Inflation Expectations for March shows the measure at 4.7% for the month – an increase of 0.1% points from the nearly four-year low in February of only 4.6%. Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.3% since the start of 2024, and averaged 4.9%. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source which has interviewed an average of around 5,300 Australians aged 14+ per month over the last decade, and includes interviews with 6,093 Australians aged 14+ in March 2025.

CORPORATES
ROY MORGAN LIMITED

Job losses not RBA’s priority as bank keeps rates on hold

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Original article by Shane Wright, Millie Muroi
The Age – Page: Online : 2-Apr-25

Reserve Bank of Ausralia governor Michele Bullock says that keeping inflation under control will be its top priority, after the central bank’s new monetary policy board left the cash rate unchanged on Tuesday. Bullock contends that there is no point in letting inflation rise because it would eventually result in higher unemployment. The RBA’s monetary policy statement noted that although underlying inflation is continuing to ease, the board needs to be confident that inflation will return to the middle of its target range of 2-3 per cent and stay there. Shadow treasurer Angus Taylor says the RBA’s interest rates decision affirms the fact that living standards have declined since Labor took office in 2022.

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIAN LABOR PARTY

Inflated promise to low-paid workers

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Original article by Ewin Hannan
The Australian – Page: 1 & 4 : 2-Apr-25

The federal government will call for an "economically sustainable real wage increase" for people on award and minimum wages from mid-July. Its submission to the Fair Work Commission’s annual wage review will not specify a percentage amount, except that it should be above the inflation rate. The budget papers show that the Treasury expects an inflation rate of 2.5 per cent for 2024-25, rising to three per cent in 2025-26, when the new minimum wage will take effect. A three per cent increase would equare to a minimum wage rise of $27 per week. Employers’ groups are expected to urge the FWC to opt for a minimum wage rise that is in line with or below the inflation rate.

CORPORATES
AUSTRALIA. FAIR WORK COMMISSION

ANZ-Roy Morgan Inflation Expectations increased to 4.9% in late March – up from 4.6% for the month of February

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Original article by Roy Morgan
Market Research Update – Page: Online : 26-Mar-25

The weekly ANZ-Roy Morgan Inflation Expectations were 4.9% for the week of 17-23 March 2025; this is up 0.3% points from the month of February, following four straight weeks of increases. However, a look at monthly Inflation Expectations for February shows the measure at 4.6% for the month – a decrease of 0.4% points from January, and the lowest monthly Inflation Expectations since September 2021. Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.3% since the start of 2024, and averaged 4.9%. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,300 Australians aged 14+ per month over the last decade.

CORPORATES
ROY MORGAN LIMITED