Persistent inflation has failed to be dampened down by consistent Official Cash Rate increases.

The Reserve Bank has hiked it by 50 basis points to 5.25 percent, defying many economists' expectations.

JMI Wealth Director Andrew Kelleher says weather events are partially to blame for inflation.

But he told Mike Hosking the Government needs to acknowledge its contribution.

Kelleher says there should be no argument that its spending is a risk to inflation.

LISTEN ABOVE

Persistent inflation has failed to be dampened down by consistent Official Cash Rate increases.
The Reserve Bank has hiked it by 50 basis points to 5.25 percent, defying many economists' expectations.
JMI Wealth Director Andrew Kelleher says weather events are partially to blame for inflation.
But he told Mike Hosking the Government needs to acknowledge its contribution.
Kelleher says there should be no argument that its spending is a risk to inflation.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.