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MI Inflationary Expectations down to 3.2%

Thursday, May 12 2016
The expected inflation rate (30-per-cent trimmed mean measure), reported in the Melbourne Institute Survey of Consumer Inflationary Expectations, fell by 0.4 percentage points to 3.2% in May 2016.
In May, the proportion of respondents (excluding respondents in the ‘don’t know’ category) expecting the inflation rate to fall within the 0-5 per cent range fell to 68.3% (from 69.3% in April). The weighted mean of responses falling in the 0-5 per cent range fell to 2.2% in May from 2.4% in April. May’s weighted mean (of responses in the 0-5 per cent range) is below the 2.5% 12-month average.
 
Aussie is currently being traded around 0.7340 area. Pair is likely to find support around 0.73 handle and resistance above 0.74 level. Later today, in the US session, Unemployment Claims figures will be released.
More in this category: « US Crude Oil Inventories fell by 3.4 million barrels Eurozone Industrial Production declined by 0.8% »

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