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Consumer inflationary expectations eased in September, the Melbourne Institute’s Survey of Consumer Inflationary Expectations showed yesterday.
The median expected rate of inflation fell to 4.4 per cent in September, compared to 4.9 in August and 5.9 in July.
The proportion of respondents expecting inflation to fall within the RBA’s 2 to 3 per cent target also inched up from 8.8 to 9.8 per cent.
Sam Tsiaplias, research fellow at the Melbourne Institute, said the fall in inflationary expectations appeared “to be associated with the downward trend in crude oil prices” as well as “softer economic data” over the past weeks.
Published: 12-09-08
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