Australian weekly consumer confidence survey falls again, down 1.5%

ANZ-Roy Morgan Australian Consumer Confidence

• falls 1.5% on the week
• fifth fall in a row
• to 79.9

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• inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term expectations surged to the highest level in more than a decade
• Weekly inflation expectations jumped 0.5pp to 6.6%

ANZ attribute the rise in expectations for the week to the higher-than-expected CPI result reported.