Inflation's officially higher than it's supposed to be. 

Latest Stats NZ data shows inflation's reached 3.1% – up from 3% at the last update three months ago. 

That's above the Reserve Bank's target range of 1 to 3%. 

The Herald's Liam Dann told John MacDonald it's also well above the Reserve Bank's forecast of 2.7%. 

He says there were hopes inflation was starting to fall again, so to see a rise like this isn't good at face value. 

LISTEN ABOVE 

Inflation's officially higher than it's supposed to be.&nbsp;
Latest Stats NZ data shows inflation's reached 3.1% – up from 3% at the last update three months ago.&nbsp;
That's above the Reserve Bank's target range of 1 to 3%.&nbsp;
The Herald's Liam Dann told John MacDonald it's also well above the Reserve Bank's forecast of 2.7%.&nbsp;
He says there were hopes inflation was starting to fall again, so to see a rise like this isn't good at face value.&nbsp;
LISTEN ABOVE&nbsp;

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.

Best of Business

Liam Dann: NZ Herald Business Editor on the annual inflation rate rising to 3.1%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2cae3861-4439-4719-ba4b-b3da01754334/transcript