‘Weekly inflation expectations’ rose 0.1ppt to 5.1 per cent last week, its highest in more than seven years (December 2014).
It’s four-week moving average remained at 4.9 per cent.
Consumer confidence decreased 1.4 per cent, with weekly losses in four of its five subindices. Confidence dropped across all the states except for Victoria.
‘Current financial conditions’ was virtually unchanged with an increase of 0.2 per cent. ‘Future financial conditions’ softened 0.7 per cent.
‘Current economic conditions’ declined 2.5 per cent after a 9.3 per cent increase the week before. ‘Future economic conditions’ were down 1.1 per cent.
‘Time to buy a major household item’ decreased 2.6 per cent.