Sharon Zollner: Economist says inflation figures won't show the full picture of rising consumer prices - The Mike Hosking Breakfast

New inflation figures due out this morning won't show the full picture of rising consumer prices.

Stats NZ will release its latest quarterly CPI data shortly before 11am.

It's expected to show inflation has eased off slightly, from its once-in-a-generation high of 7.3-percent in the year to June.

ANZ Chief Economist Sharon Zollner told Mike Hosking that's mostly due to a fall in petrol prices, rather than a fall in the price of anything else.

She says falling petrol prices are helpful, but the Reserve Bank needs to see a much more broad-based fall in inflation.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.