Inflation expectations among Australian consumers rose marginally in May, a survey by the Melbourne Institute revealed Thursday.
The expected inflation rate climbed to 2.3 percent from 2.2 percent in April. However, it remains within the Reserve Bank of Australia's target band of 2 percent to 3 percent.
The RBA lowered its key rate by 25 basis points to a historic low of 2.75 percent at its meeting on 7 May. The consumer inflationary expectations, reported here, was based on a survey in the following week, said Viet Nguyen, a research fellow at the Melbourne Institute.
"It remains rather modest and appears to echo the views of the RBA - moderate inflation and moderate growth," added Nguyen.
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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.