Henry Russell: ANZ Economist predicts the inflation rates for the last three months to September - The Mike Hosking Breakfast

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. 

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