Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Inflation to eclipse 3.8%

Staff Reporter 3 minute read

Staff Reporter

The median inflation rate is expected to eclipse 3.8 per cent by year’s end.

According to the Melbourne Institute Survey of Consumer Inflationary Expectations, inflation expectations increased to 3.8 per cent from 3.1 per cent in September, while the proportion of consumers expecting inflation to be within the RBA’s 2 to 3 per cent band decreased to 15.1 per cent from 19.0 per cent.

While inflationary pressures were widely expected to build up over the next 12 months, Melbourne Institute research fellow Dr Michael Chua said this month’s jump in inflationary expectations came as a surprise.

Advertisement
Advertisement

“More respondents in this survey are expecting price changes greater than 10 per cent in the next 12 months,” Dr Chua said.

“In contrast, the inflationary expectations of managers and professionals decreased from 3.4 per cent to 3.3 per cent, suggesting that not all respondents share the view that inflation will rise strongly. We are living in more uncertain times and this is showing up in the dispersion of views among the respondents.”

Inflation to eclipse 3.8%
default
TheAdviser logo

The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day

PROMOTED CONTENT


default

 

more from the adviser
Greater Bank Newcastle Perm merger

Breaking News

Two banks announce intention to merge

Two large customer-owned banks have announced that they are inten...

Paul Herbert AMP Newsroom

Breaking News

AMP hires intermediary head

AMP Bank has recruited from MyState for its new head of intermedi...

Theo and Alex Shore Financial

Breaking News

Brokerage officially launches white-label loan

North Sydney-based brokerage Shore Financial has officially launc...