Consumer confidence back on the up but so are inflation expectations – ANZ survey

Consumer confidence rose 5 points to 98.3 in April, according to the ANZ -Roy Morgan survey. Inflation expectations increased 0.

5 points to 4.7%, the highest since July 2023, ANZ chief economist Sharon Zollner said. Consumers’ perceptions of their financial situations improved, but retail sector outlook remains subdued.



Consumer confidence rose five points to 98.3 in April, according to the latest ANZ-Roy Morgan survey, shoring up the upward trend that was starting to look wobbly. But inflation expectations also rose sharply – up 0.

5 points to 4.7%, the highest reading since July 2023. “Household inflation expectations soared in April, surprisingly,” said ANZ chief economist Sharon Zollner.

“Household inflation expectations matter less for the inflation outlook than the expectations of those who actually directly set prices..