Stats NZ will release Consumer Price Index inflation numbers for quarter four on Wednesday, and economists are predicting it will be within the Reserve Banks's target range of 1 - 3%

It comes off the back of December card spending numbers which saw retail spending increase by 2%

NZ Institute for Economic Research Deputy Chief Executive Christina Leung says they're expecting a rise of 0.6% for the quarter, and put annual inflation at 2.2%

She says today's numbers shouldn't change the chances of a rates cut in February, expected to be 0.5%

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