High inflation may be sticking around for a while longer.
Stats NZ will release the figure for the three months to September today.
Petrol is a big factor in that increase, with a combined removal of the subsidy and international factors driving it up.
ANZ Economist Henry Russell expects the annualised figure to September to be 6.1%.
He told Mike Hosking that there other factors contributing to that.
Russell says wages are an important factor in domestic inflation and contribute towards the Reserve Bank's decisions.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy And Charlamagne Tha God!
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.