Inflation Expectations drop 0.3% points to 5.5% in April after petrol excise cut in half at the end of March

In April 2022 Australians expected inflation of 5.5% annually over the next two years, down 0.3% points from March 2022. The level of Inflation Expectations in April represents a pullback from the large monthly increase in March (+0.7% points) which sent the measure to a near decade high.

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