Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Growth

Inflation tipped to fall

3 minute read
The Adviser

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

Today's other stories

 

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits