Henry Russell: ANZ Economist on predicts inflation will drop to 4% instead of 3.8% as the Reserve Bank expects
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
Inflation is expected to cool further today, but some predict it falling more than others.
ANZ's expecting today's figures to show annual inflation dropping to 4%, down from the 4.7% it was in last year's final quarter.
The forecast is above the Reserve Bank's February expectation of 3.8%.
ANZ Economist Henry Russell told Mike Hosking that's a little low.
He says there should be enough data in today's figures to show inflation is continuously coming down, but progress is coming more slowly than the Reserve Bank anticipated.
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