Inflation is expected to keep easing in the months to come. 

Overall inflation is back within the target range at 2.2% due to falling prices for imports like petrol and diesel. 

Domestically-driven non-tradeable inflation remains much higher at 4.9%, due to a sharp rise in rents, council rates and insurance premiums. 

ASB Chief Economist Nick Tuffley told Ryan Bridge that inflation is expected to remain close to 2% over the next few years, with a chance of it edging below towards the end of 2025/26. 

He says it would take something quite drastic to push it back up.  

LISTEN ABOVE 

Inflation is expected to keep easing in the months to come.&nbsp;
Overall inflation is back within the target range at 2.2% due to falling prices for imports like petrol and diesel.&nbsp;
Domestically-driven non-tradeable inflation remains much higher at 4.9%, due to a sharp rise in rents, council rates and insurance premiums.&nbsp;
ASB Chief Economist Nick Tuffley told Ryan Bridge that inflation is expected to remain close to 2% over the next few years, with a chance of it edging below towards the end of 2025/26.&nbsp;
He says it would take something quite drastic to push it back up. &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

Nick Tuffley: ASB Chief Economist on the inflation rate coming into target range at 2.2%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a4bcb394-cf72-4dde-a7d4-b20b01523267/transcript

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