Australia AUD

Australia Consumer Inflation Expectations

Impact:
Low

Latest Release:

Date:
Actual:
4.1%
Forecast:
Previous/Revision:
4.3%
Period: Feb
What Does It Measure?
The Australia Consumer Inflation Expectations report measures the anticipated rate of inflation over the next 12 months as perceived by Australian consumers. It primarily focuses on consumer sentiment and expectations regarding price changes, playing a crucial role in assessing household inflation outlook and influencing monetary policy decisions.
Frequency
This report is released quarterly, with the typical publication occurring in the first week of each new quarter.
Why Do Traders Care?
Traders pay close attention to this report as consumer inflation expectations can influence monetary policy direction and market sentiment, affecting asset prices. Higher inflation expectations generally lead to a stronger Australian dollar (AUD) and upward movement in interest rates, while lower expectations can result in bearish sentiment towards the AUD and equities.
What Is It Derived From?
The report is derived from a survey of Australian households, specifically asking respondents about their expectations for inflation over the next year. This survey employs statistical techniques to aggregate responses and calculate the average expected inflation rate, reflecting consumer sentiment in a structured manner.
Description
The report distinguishes between preliminary and final versions, where preliminary data is based on early estimates subject to revision, while final data provides a more accurate snapshot of consumer expectations but is released later. Traders often react strongly to the preliminary report due to its timeliness, although the final figures may prompt adjustments in market strategies as they reflect more reliable data.
Additional Notes
As a leading economic indicator, consumer inflation expectations often precede actual inflation movements and can influence central bank policies. Trends in consumer inflation expectations can also provide insights into broader economic conditions, including consumer spending and economic growth in Australia and globally.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Feb 16, 2017
4.1%
4.3%
Jan 19, 2017
4.3%
3.4%
Dec 15, 2016
3.4%
3.2%
Nov 10, 2016
3.2%
3.7%
Oct 13, 2016
3.7%
3.3%
Sep 15, 2016
3.3%
3.5%
Jul 14, 2016
3.7%
3.5%
Jun 16, 2016
3.5%
3.2%
May 12, 2016
3.2%
3.4%
Apr 14, 2016
3.6%
3.4%
Mar 10, 2016
3.4%
3.6%
Feb 11, 2016
3.6%
3.6%
Jan 21, 2016
3.6%
4%
Dec 10, 2015
4%
3.5%
Nov 12, 2015
3.5%
3.5%
Oct 15, 2015
3.5%
3.2%
Sep 10, 2015
3.2%
3.7%
Jul 16, 2015
3.4%
3%
May 21, 2015
3.6%
3.4%