Inflation expectations among Australian consumers remained unchanged in August, a survey by Melbourne Institute showed Thursday.
The median expected inflation rate remained at 2.4 percent in September. This is within the Reserve Bank of Australia's target band of 2-3 percent.
However, the expected pay growth over the next 12 months declined further, to 1.7 percent in August from 2.4 percent in May and 3.5 percent in February.
Moderate inflationary expectations along with plummeting wage expectations provide wiggle-room for monetary easing, should economic activity show further signs of slowing, said Viet Nguyen, a Research Fellow at the Institute.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.