Inflation appears to have become more embedded in the economy. 

Latest Stats NZ figures show the annual inflation rate's eased to 3.7%, down from 4.1% three months ago. 

The quarterly inflation rate's eased to 0.7%, but domestically-driven non-tradable inflation has risen due to the annual increase in council rates. 

Business NZ Chief Economist John Pask told Mike Hosking price rises are becoming more widespread. 

He says the Reserve Bank will be concerned to see inflation is no longer just about fuel and is becoming more generalised. 

LISTEN ABOVE 

Inflation appears to have become more embedded in the economy.&nbsp;
Latest Stats NZ figures show the annual inflation rate's eased to 3.7%, down from 4.1% three months ago.&nbsp;
The quarterly inflation rate's eased to 0.7%, but domestically-driven non-tradable inflation has risen due to the annual increase in council rates.&nbsp;
Business NZ Chief Economist John Pask told Mike Hosking price rises are becoming more widespread.&nbsp;
He says the Reserve Bank will be concerned to see inflation is no longer just about fuel and is becoming more generalised.&nbsp;
LISTEN ABOVE&nbsp;

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We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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