RTTNews - An index measuring consumer inflation expectations in Australia climbed 1.7 percent on year in August, the TD Securities/Melbourne Institute Monthly Inflation Gauge revealed on Monday - easing from 1.9 percent in July while remaining below the Reserve Bank of Australia's target range of 2 to 3 percent.
On a monthly basis, inflation expectations remained unchanged from the previous month, which saw a 0.9 percent increase.
A decline in the prices for travel and accommodations was a key drag on the headline figure, while financial services and technology prices also saw a modest decline. These were offset by gains among the prices for fruit and vegetables and alcohol.
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