Cost of living pressures are expected to ease, but will remain at a much higher level than usual.

Statistics New Zealand’s poised to unveil the latest inflation figures later this morning. 

The highly anticipated Consumer Price Index is tipped to drop from the recent record high of 7.3 percent, to closer to 6.5. 

That’s according to ASB, whose Senior Economist Mark Smith says New Zealand’s probably past peak inflation levels.

But he says the expected CPI dip won't stop the Reserve Bank from increasing the Official Cash Rate over the coming months.

LISTEN ABOVE

Cost of living pressures are expected to ease, but will remain at a much higher level than usual.
Statistics New Zealand’s poised to unveil the latest inflation figures later this morning. 
The highly anticipated Consumer Price Index is tipped to drop from the recent record high of 7.3 percent, to closer to 6.5. 
That’s according to ASB, whose Senior Economist Mark Smith says New Zealand’s probably past peak inflation levels.
But he says the expected CPI dip won't stop the Reserve Bank from increasing the Official Cash Rate over the coming months.
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.