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Melbourne Institute Survey of Consumer Inflationary and Wage Expectations
Inflation expectations increase in November. Small increase in actual pay growth also reported. The expected inflation rate (30-per-cent trimmed mean measure), reported in the Melbourne Institute Survey of Consumer Inflationary and Wage Expectations, increased by 0.4 percentage points in November to 4.0 per cent. In November, the proportion of respondents expecting an increase in prices rose by 4.3 percentage points to 62.7 per cent. By comparison, the proportion of respondents anticipating no price change fell by 2.2 percentage points to 19.3 per cent. In terms of total pay growth, respondents reported a 0.1 ... (full story)