Subject: ANZ-Roy Morgan Inflation Expectations are at 4.8% in late October – down 0.1% points from the month of September

⚡️ Highlights:

1. Weekly ANZ-Roy Morgan Inflation Expectations for October 20-26, 2025 were at 4.8%, down 0.1% from September.

2. Average retail petrol prices increased to $1.81 per litre in September, the highest since March 2025.

3. Official ABS monthly annual CPI estimate for the year to August 2025 was 3.0%, within the Reserve Bank's target range of 2-3%.

4. Inflation Expectations were highest in Western Australia and Queensland, at 5% or higher.

5. Despite the drop in Inflation Expectations in late October, indications suggest that they may increase throughout the month, potentially reaching 5% or higher.

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