Australia inflation expectations are slowly, slowly chipping lower, still way above target

The Melbourne Institute Survey of Consumer Inflationary Expectations for Australia shows a drop to 4.4% in September

• prior 4.5%

The Reserve Bank of Australia target band is 2 to 3% for inflation.

Expectations are well above official CPI rates (quarterly and monthly)

This article was written by Eamonn Sheridan at www.forexlive.com.