Thu, 11 Oct 2012 08:21:17 GMT
Australian inflation expectations advance in October
Australian consumers slightly raised their expectations of inflation to 2.6% in October, the Melbourne Institute Survey of Consumer Inflationary Expectations reported on Thursday. Still, the average expected inflation rate stayed within the RBA's target of 2-3%. Analysts are concerned that further acceleration of inflation expectations might translate into a real inflationary pressure on the RBA.