Australia inflationary expectations fell slightly in April

The expected inflation rate (30-per-cent trimmed mean measure) fell by 0.1 percentage points in April to 3.6 per cent, the Melbourne Institute Survey of Consumer Inflationary Expectations showed. 

The percentage of respondents expecting the inflation rate to lie within the 0-5 per cent range fell by 1.2 percentage points to 67.9 per cent. Further, the official report says the weighted mean of responses within this range fell by 0.1 percentage points to 2.3 per cent.