Australian's Continue to See Inflation Within RBA's Range

Australians expect the prices of consumer goods to rise by 2.3% in the coming 12 months. This figure is slightly down from that of 30 days ago, 2.4%. Aside from March’s figure, April’s data reveals inflationary expectations to be the weakest in a decade. Much of this may be a reflection of recent labor earnings data. Q1 saw such wages increase by a mere 1.2%, the shallowest of such advancements since the summer period.