Australian inflation expectations advance in October

Note: This section contains information in English only.
Source: RTTNews
© Scanpix/Reuters
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.
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