‘Weekly inflation expectations’ decreased 0.4ppt to 4.6 per cent and the four- week moving average dropped 0.1ppt to 4.9 per cent.
Consumer confidence increased by 1.3 per cent last week. Among the major states, confidence rose in Victoria, Queensland and Western Australia, while it dropped in New South Wales and South Australia.
The confidence subindices registered mixed results. ‘Current financial conditions’ gained 1.6 per cent, while ‘future financial conditions’ were unchanged.
‘Current economic conditions’ fell 1.7 per cent, while ‘future economic conditions’ jumped 4.9 per cent.
‘Time to buy a major household item’ rose 2.1 per cent.