Australia inflation expectations edge higher in April

Australia consumer inflation expectations rose in April, suggesting the upward trajectory of inflation over the next 12 months. 

The Melbourne Institute’s 12-month gauge of consumer inflation expectations came-in 4.1% in April. This is slightly higher than the March figure of 4%. 

The RBA said earlier this month inflationary pressures are expected to gain traction throughout the year. The uptick in the inflation and RBA’s view on inflation contradicts the peak inflation argument that is slowly gaining foothold across the advanced economies.