Deborah Lambie: Milford Asset Management analyst on US CPI numbers - Heather du Plessis-Allan Drive

The U.S CPI has come in hotter than expected at 8.3 per cent. And the market's tumbled big time.

Deborah Lambie from Milford Asset Management is with us to explain what happens now.

“As interest rates rise and the cost of buying comes through, we expect that will have more of an impact on the consumer in the coming months. We’re already hearing anecdotes of consumers starting to trade down their purchases."

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