11 Jun 2015
Australia: Consumer inflationary expectations for June – Westpac
FXStreet (Barcelona) - The Westpac Team shares the Melbourne Institute Inflationary Expectations for June 2015, noting that inflation expectations have eased in June.
Key Quotes
“In June, consumer expectations for the annual pace of inflation eased to 3.0% from 3.6% and now on a moderating trend since the 4.0% print in February. The trend is now 3.3%yr, flat on May but down from the 3.6%yr in Jan. Expectations continue to remain well below the average since 1995 of 4.5%.”
“Inflationary expectations remain well contained. Despite the recent bump in petrol prices, and an expectation for some pass-through to consumer goods from the weaker Australian dollar, we are yet to see these have any impact on consumers’ inflationary expectations.”
Key Quotes
“In June, consumer expectations for the annual pace of inflation eased to 3.0% from 3.6% and now on a moderating trend since the 4.0% print in February. The trend is now 3.3%yr, flat on May but down from the 3.6%yr in Jan. Expectations continue to remain well below the average since 1995 of 4.5%.”
“Inflationary expectations remain well contained. Despite the recent bump in petrol prices, and an expectation for some pass-through to consumer goods from the weaker Australian dollar, we are yet to see these have any impact on consumers’ inflationary expectations.”