The annual inflation rate is out tomorrow, and it's expected to remain stubbornly high.

Westpac economists forecast the annual inflation rate will come in at 6.9 percent, BNZ and Kiwibank predict 7.1 percent and ANZ and ASB economists expect 7.2 percent.

NZ Herald Wellington business editor Jenee Tibshraeny says inflation rates will still be well beyond the Reserve Bank's 1 to 3 percent target range.

"Some people might look at this and think- well, it's a bit better than what the Reserve Bank expected. But at that level, 7.3, 7.2, 7, same difference."

LISTEN ABOVE

The annual inflation rate is out tomorrow, and it's expected to remain stubbornly high.
Westpac economists forecast the annual inflation rate will come in at 6.9 percent, BNZ and Kiwibank predict 7.1 percent and ANZ and ASB economists expect 7.2 percent.
NZ Herald Wellington business editor Jenee Tibshraeny says inflation rates will still be well beyond the Reserve Bank's 1 to 3 percent target range.
"Some people might look at this and think- well, it's a bit better than what the Reserve Bank expected. But at that level, 7.3, 7.2, 7, same difference."
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.