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Economists expect inflation in year to June to be about 5.9-6.1 pc

Author
Newstalk ZB,
Publish Date
Wed, 19 Jul 2023, 7:36am
Photo / Getty
Photo / Getty

Economists expect inflation in year to June to be about 5.9-6.1 pc

Author
Newstalk ZB,
Publish Date
Wed, 19 Jul 2023, 7:36am

Signs are pointing to a slight slowdown in inflation when Stats NZ releases its latest figures this morning.

Economists expect inflation in the year to June to be about 5.9 to 6.1 percent.

That's down from 6.7 percent in the year to March, and 7.2 percent in the year to December.

ANZ Chief Economist Sharon Zollner told Mike Hosking most price rises are easing.

But she says food costs are continuing to rise sharply, and construction costs and airfares remain hard to predict.

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