Economic Buzz: Australia inflation expectations jump to 4.6% in February 2025

Consumer inflation expectations in Australia climbed to 4.6% in February 2025, the highest since April 2024, up from 4.0% in January. This comes ahead of the Reserve Bank's first policy meeting and a pre-election budget. In December, the cash rate remained steady at 4.35% for the ninth time, aiming to curb inflation while preserving jobs. The monthly CPI rose 2.5% year-on-year in December, driven by fading energy rebates. Annual inflation was 2.4% in Q4 2024, the lowest since Q1 2021, while trimmed mean CPI rose 3.2%.

Powered by Commodity Insights