Good news and sobering news has come from the latest inflation announcement.

The inflation rate increased 6.7 percent in the 12 months to March.

That's a slow down from the 7.2 percent jump recorded in the previous quarter.

Devon Funds Management Head of Retail Greg Smith told Tim Dower the sobering news is that inflation has moved to domestic items and may not come down too quickly.

He says the Reserve Bank is likely to keep the OCR high.

LISTEN ABOVE

Good news and sobering news has come from the latest inflation announcement.
The inflation rate increased 6.7 percent in the 12 months to March.
That's a slow down from the 7.2 percent jump recorded in the previous quarter.
Devon Funds Management Head of Retail Greg Smith told Tim Dower the sobering news is that inflation has moved to domestic items and may not come down too quickly.
He says the Reserve Bank is likely to keep the OCR high.
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.