While further OCR hikes are probably on the way, inflation now appears to have turned a corner. 

Latest Stats NZ data shows diesel inflation's fallen to 34.8% and petrol inflation's fallen to 15.1%, with prices for both dropping for three consecutive months. 

Electricity inflation's back down to 9.5% and food inflation's now just 1.9%. 

ASB Senior Economist Mark Smith told Mike Hosking inflation appears to be falling from the peak reached last quarter. 

He says the numbers are very positive. 

LISTEN ABOVE  

While further OCR hikes are probably on the way, inflation now appears to have turned a corner.&nbsp;
Latest Stats NZ data shows diesel inflation's fallen to 34.8% and petrol inflation's fallen to 15.1%, with prices for both dropping for three consecutive months.&nbsp;
Electricity inflation's back down to 9.5% and food inflation's now just 1.9%.&nbsp;
ASB Senior Economist Mark Smith told Mike Hosking inflation appears to be falling from the peak reached last quarter.&nbsp;
He says the numbers are very positive.&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,...

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Mark Smith: ASB Senior Economist on the data showing inflation is cooling as fuel prices drop

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/821063e2-9be8-4f37-ac8e-b4a9014a290f/transcript