Australian consumers’ inflation expectations, as measured by the Melbourne Institute (MI), rose in March 2026, signaling a modest uptick in perceived future price pressures.
The MI Inflation Expectations indicator increased to 5.2% in March from 5.0% in February 2026, according to data updated on 12 March 2026. The move suggests households now anticipate slightly faster price growth ahead, which can influence wage demands, spending patterns, and broader sentiment across the economy.
While the rise is incremental, the shift will be closely watched by markets and policymakers, as entrenched inflation expectations can complicate efforts to stabilize prices and interest rates in the months ahead.
