Global Inflation Expectations: Higher expectations often lead to increased demand for inflation-protected assets like inflation-linked bonds, driving up IEAT.AU's price.

Australian Inflation Rate: As IEAT.AU tracks Australian inflation-linked bonds, rising actual inflation boosts its value.

Real Interest Rates: Higher real interest rates (nominal interest rates minus inflation) can decrease demand for inflation-linked bonds, lowering IEAT.AU's price.

Market Sentiment: Overall investor confidence and risk appetite influence demand for various asset classes, including inflation-linked bonds in IEAT.AU.

Supply and Demand: The fundamental principle dictates that if there's more buying than selling of IEAT.AU, its price goes up, and vice versa.

RBA Monetary Policy: Decisions by the Reserve Bank of Australia regarding interest rates and quantitative easing can impact inflation expectations and bond yields, affecting IEAT.AU.

Changes in Bond Yields: Inflation-linked bond yields directly influence the NAV and market price of IEAT.AU. If yields fall, prices rise and vice versa.