Our current period of high inflation isn't over yet.

Latest figures due out this morning are expected to show consumer prices rose between 6.9 percent and 7.2 percent in the year to March.

ASB Senior Economist Mark Smith told Roman Travers says two major factors are driving the high inflation rate.

"One is food prices really have rocketed and the second thing is housing costs remain really elevated, despite the softer housing market."

LISTEN ABOVE

Our current period of high inflation isn't over yet.
Latest figures due out this morning are expected to show consumer prices rose between 6.9 percent and 7.2 percent in the year to March.
ASB Senior Economist Mark Smith told Roman Travers says two major factors are driving the high inflation rate.
"One is food prices really have rocketed and the second thing is housing costs remain really elevated, despite the softer housing market."
LISTEN ABOVE

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.