New Zealand might not be entirely out of the woods with high inflation.
The Consumers Price Index rose 4.7% in the year to December, a two year low.
The New Zealand Institute of Economic Research says inflation is still above the 1-3% Reserve Bank target.
Principal Economist Christina Leung told Roman Travers that while she expects the figure to get under the target this year, some factors are putting that at risk.
She says things like the Red Sea attacks are driving up shipping costs.
LISTEN ABOVE

Full Show Podcast: 18 September 2026
34:15

Ryan Bridge: Important things happening in the world and our pollies are fussing over the C-word
01:29

Catherine Beard: BusinessNZ Director of Advocacy on National's plan to split up Foodstuffs to drive competition
04:02