The expected inflation rate (30‐per‐cent trimmed mean measure), reported in the Melbourne Institute Survey of Consumer Inflationary Expectations, fell by 0.1 percentage points to 4.0 per cent in March from 4.1 per cent in February.

In March, the weighted proportion of respondents (excluding the 'don't know' category) expecting the inflation rate to fall within the 0‐5 per cent range fell by 2.0 percentage points to 68.1 per cent. The weighted mean of responses within this range was unchanged relative to last month at 2.5 per cent.