Economic Buzz: Australia inflation expectations spike to 5% in June

Consumer inflation expectations in Australia surged to 5.0% in June 2025 from 4.1% in May, hitting the highest level since July 2023. This rise signals growing pressure on headline inflation as energy subsidies begin to unwind. Despite underlying inflation staying within the RBA's 2?3% target range, a tight labor market and sticky service prices continue to pose upside risks.

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