Gareth Kiernan: Infometrics Chief Forecaster says inflation likely to rise once more
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
Inflation is likely to be back on the rise as motorists continue to pay more at the pump.
Stats NZ will release its latest inflation figures at 10.45am.
Infometrics Chief Forecaster Gareth Kiernan expects inflation in the year to September to reach 6.2%, up from 6% in the year to June.
He told Kate Hawkesby that global events and the removal of the fuel subsidy are pushing up fuel prices, but National's plans to reduce government spending could reduce inflationary pressure.
Kiernan says it will take time for any cuts of departmental spending to show up in our inflation figures.
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