The expected inflation rate, reported in the Melbourne Institute Survey of Consumer Inflationary Expectations, rose by 0.2 percentage points to 2.3 per cent in January 2014 from 2.1 per cent in December 2013, and is within the Reserve Bank of Australia’s (RBA) target band of 2-3 per cent. According to Dr. Viet Nguyen, a Research Fellow at the Melbourne Institute, “Consumer inflationary expectations across Australia have picked up slightly over the last two months, which likely reflected consumer expectations of modest improvement in activity in the coming months. Overall, consumer inflationary expectations remain ... (full story)