"Consumer confidence gained 3.1 per cent last week, driven by a huge jump of 10.6 per cent in Sydney as the NSW government released its roadmap out of lockdown. With close to 47 per cent of NSW’s adult population already fully vaccinated, this roadmap is expected to take effect by mid-October. That is, once the number reaches 70 per cent." ANZ Head of Australian Economics, David Plank said.
"Confidence increased by 6.2 per cent in Victoria, while it fell 3.2 per cent in Queensland as new cases emerged in the state last week."
"Household inflation expectations have been quite volatile in the past few weeks, rising sharply then dropping back. Our research indicates that expectations tend to follow developments in petrol prices and the headline CPI. With these appearing to have peaked, we may be at a level where expectations stabilise."