Australian weekly consumer confidence 95.8 (prior 100.1)

  • A huge slump, ANZ highlighting rocketing gasoline (petrol) prices

A big drop this week. ANZ comments:

  • Household inflation expectations jumped to 5.6%, to its highest since Nov 2012.
  • Petrol prices are likely hitting household finances, with overall confidence down 4.3% and all sub-indices lower

ANZ with Australian consumer inflation expectations from the survey ... ugly:

Australia inflation

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