Economic Buzz: Australian inflation expectations surge to 4.7% in September

Consumer inflation expectations in Australia jumped to 4.7% in September from August?s five-month low of 3.9%, driven by strong domestic demand and resilient household consumption. The Reserve Bank of Australia?s recent 25 bps rate cut to 3.6% aimed to bolster growth but added to inflation concerns. July?s CPI posted a sharp 2.8% year-on-year rise, marking the fastest pace in a year, despite Q2 headline inflation easing to 2.1%, its lowest since early 2021.

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