Brad Olsen: Infometrics principal economist says 'hot core' of inflation driving up price of essentials - Heather du Plessis-Allan Drive

Inflation is falling - but costs remain high for New Zealanders.

The Consumers Price Index rose six percent in the year to June.

It's a fall from the 6.7 for the 12 months to March.

Infometrics principal economist Brad Olsen says fuel prices have dropped - but other essentials continue to rise.

"Some of that heat across the entire economy is coming out, but there's a very hot core of inflation that is still sticking around. That will be making everyone uncomfortable."

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