Inflation could near 5% due to price ripples from Iran war
Economic forecaster Infometrics suggests the OCR could rise three times this year from July.
Stats NZ has reported an historic spike in fuel prices during March.
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Inflation could hit almost 5% because of the fuel crisis from the Iran war, warns Infometrics.
The forecaster said inflation could spike at 4.8% in the current June quarter – above last week’s estimate of 4.2% from the RBNZ.
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