Australia's Inflation Expectations Rise In 10'2017
Australia's inflationary expectations rose in October.
The expected inflation rate rose 0.5 percentage points to 4.3 percent in October from 3.8 percent in September.
The weighted proportion of respondents expecting the inflation rate to lie within the 0-5 percent range decreased by 3.4 percentage points to 64.3 percent.
The weighted mean of responses within this range rose to 2.4 percent in October from 2.2 percent in previous month.
Some strong Australian consumer confidence numbers and a rise in infaltion expectations saw AUD/USD rise last week. Good news from the job market on later this week could see those gains underpinned.
Australia's inflationary expectations rose in October.
The expected inflation rate rose 0.5 percentage points to 4.3 percent in October from 3.8 percent in September.
The weighted proportion of respondents expecting the inflation rate to lie within the 0-5 percent range decreased by 3.4 percentage points to 64.3 percent.
The weighted mean of responses within this range rose to 2.4 percent in October from 2.2 percent in previous month.
Some strong Australian consumer confidence numbers and a rise in infaltion expectations saw AUD/USD rise last week. Good news from the job market on later this week could see those gains underpinned.