Inflation is coming dangerously close to the top end of the Reserve Bank’s target band. 

It’s reached 2.7% year-on-year – the main drivers being council rates, increased rents, electricity prices, and food prices. 

Independent economist Cameron Bagrie told Ryan Bridge that there’s not only cyclical damage to the economy from the Reserve Bank’s efforts to curb inflation, but also significant structural issues. 

He says that productivity used to be, on average, 1.4% per year, but it’s now down to 0.3%. 

LISTEN ABOVE 

Inflation is coming dangerously close to the top end of the Reserve Bank’s target band.&nbsp;
It’s reached 2.7% year-on-year – the main drivers being council rates, increased rents, electricity prices, and food prices.&nbsp;
Independent economist Cameron Bagrie told Ryan Bridge that there’s not only cyclical damage to the economy from the Reserve Bank’s efforts to curb inflation, but also significant structural issues.&nbsp;
He says that productivity used to be, on average, 1.4% per year, but it’s now down to 0.3%.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Cameron Bagrie: Independent Economist on inflation reaching 2.7%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cb080972-6423-4dc3-9880-b3210180c2d1/transcript