Australian data – ANZ-Roy Morgan consumer confidence index 78.2 (prior 76.4) | Forexlive

Australian Weekly ANZ Roy Morgan Consumer Confidence survey remains very weak.

Eyes are on the CPI data due tomorrow from Australia:

In the weekly survey there is a question on consumers expect for inflation ahead:

• in this week’s survey inflation expectations jumped by 0.4% to 5.7%, the highest since June of this year

There is a persistent recency bias in this survey. Petrol (gasoline) prices surged helping expectations to move higher.