Australian Weekly ANZ Roy Morgan Consumer Confidence survey remains very weak.

Eyes are on the CPI data due tomorrow from Australia:

In the weekly survey there is a question on consumers expect for inflation ahead:

  • in this week's survey inflation expectations jumped by 0.4% to 5.7%, the highest since June of this year

There is a persistent recency bias in this survey. Petrol (gasoline) prices surged helping expectations to move higher.

Some petrol (OK, gasoline if you insist) outlets in the UK are having trouble getting an adequate su

Some folks did think outside the square though.