Expect a higher inflation rate but the OCR could still be cut
Petrol prices, rising rates and the lower kiwi are the major culprits
Jenny Ruth
Mon, 15 Oct 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Inflation likely spiked higher in the September quarter but that was probably due to one-off factors such as higher petrol prices.
Economists expect the Consumers Price Index rose anywhere from 0.6-0.8%, well above the Reserve Bank’s forecast of 0.4%.
That would take the annual rate to
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Jenny Ruth
Mon, 15 Oct 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
