MI consumer inflation expectations in Australia decline to 3.2% in May

Market news

12 May 2016

MI consumer inflation expectations in Australia decline to 3.2% in May

The Melbourne Institute (MI) released its inflation expectations for Australia on Thursday. The MI consumer inflation expectations in Australia declined to 3.2% in May from 3.4% in April.

68.3% respondents expected inflation to decline within the 0‐5% range in May, down from 69.3% in April.

Gold shows a moderate decrease

The International Energy Agency’s (IEA) monthly Oil Market Report: the global oil oversupply will narrow in the second half of the year

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