Economic difficulties across the ditch appear to echo the struggles felt in many New Zealand households.  

The Reserve Bank of Australia has delivered a brutal reality check to the nation on the cost of living, as it expects the situation to worsen.   

It warns prices will never return to pre-pandemic levels.  

Infometrics Principal Economist Brad Olsen told Mike Hosking it's the same story here.  

He says it would be a sign of very tough economic times if businesses were cutting their prices so drastically. 

LISTEN ABOVE 

Economic difficulties across the ditch appear to echo the struggles felt in many New Zealand households. &nbsp;
The Reserve Bank of Australia has delivered a brutal reality check to the nation on the cost of living, as it expects the situation to worsen. &nbsp;&nbsp;
It warns prices will never return to pre-pandemic levels. &nbsp;
Infometrics Principal Economist Brad Olsen told Mike Hosking it's the same story here. &nbsp;
He says it would be a sign of very tough economic times if businesses were cutting their prices so drastically.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Brad Olsen: Infometrics Principal Economist on the economic difficulties in Australia

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/73561c78-7946-4e58-a85a-b36001473163/transcript