Liam Dann: NZ Herald Business Editor on the annual inflation rate rising to 3.1% - Kerre Woodham Mornings Podcast

Inflation's officially higher than it's supposed to be. 

Latest Stats NZ data shows inflation's reached 3.1% – up from 3% at the last update three months ago. 

That's above the Reserve Bank's target range of 1 to 3%. 

The Herald's Liam Dann told John MacDonald it's also well above the Reserve Bank's forecast of 2.7%. 

He says there were hopes inflation was starting to fall again, so to see a rise like this isn't good at face value. 

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