There's no guarantee inflation is on the decline.
The Annual Consumer Price Index data, due out later this morning, will show how much prices have increased for the average household in the past 12 months.
While many economists expect the inflation rate to be lower than the 7.2 reached in the year to October, ASB is predicting the inflation rate will be even higher.
ASB Senior Economist Mark Smith says that there's lots of uncertainty in the figures.
He says their view is domestic, and inflation will remain more of a problem for the Reserve Bank.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!