Consumer confidence: inflation expectations rise

•Consumer confidence was largely unchanged last week with a 0.3pts fall to 82.8pts. The four-week moving average rose 0.5pts to 82.5pts.

•'Weekly inflation expectations' rose 0.1ppt to a six-week high of 5.2%, while the four-week moving average was also up 0.1ppt to5.0%.

•'Current financial conditions' softened 0.8pts and 'future financial conditions' declined 1.9pts.

•'Short term economic confidence' (about the economic outlook over the next 12 months) gained 1.9pts. 'Medium term economic confidence' (about the economic outlook over the next five years) fell 0.4pts.

•The 'time to buy a major household item' subindex moderated by 0.1pts.