Thursday, June 16, 2011

Australian Consumer Inflation Expectations Steady In June -Survey

Australian consumer inflation expectations remained relatively modest in the June, taking some of the heat out of a widening national debate over the outlook for interest rates.

The Melbourne Institute survey of inflationary expectations for June showed consumers expect inflation to rise 3.3% over the next year, just above the Reserve Bank of Australia's 2%-3% inflation target ...

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