In April 2023 Australians expected inflation of 5.3% annually over the next two years, down 0.3% points from March 2023. The monthly decrease in Inflation Expectations came before the RBA decided to increase interest rates in early May and before last week’s Federal Budget.
New research from Roy Morgan shows an estimated 1.35 million mortgage holders (27.1%) were ‘At Risk’ of ‘mortgage stress’ in the three months to March 2023. This period encompassed one interest rate increases of 0.25% taking official interest rates to 3.6% in early March.
In March 2023 Australians expected inflation of 5.6% annually over the next two years, up 0.3% points from February 2023. The monthly increase in Inflation Expectations came before the RBA decided to pause (or perhaps even end) its cycle of interest rate rises in early April.
In July 2022 Australians expected inflation of 5.9% annually over the next two years, up 0.2% points from June 2022 and the highest Inflation Expectations have been for eight years since August 2012.
A Roy Morgan Poll conducted over the last week shows the ALP’s lead over the L-NP has been cut to its narrowest this year with the ALP 55.5% (down 2.5% points from a week ago) now 11% points ahead of the L-NP 44.5% (up 2.5% points) on a two-party preferred basis.