Finn Robinson: ANZ economist says the inflation rate isn't likely to get any higher

Best of Business · Jul 17, 2022 · 4m

Prices are set to keep rising sharply for a while yet.

Figures out this morning are expected to show the inflation rate has reached about 7.1 percent in the year to June, the highest inflation rate in a generation.

ANZ economist Finn Robinson says the inflation rate isn't likely to get any higher.

But he told Roman Travers economists expect inflation to remain relatively high for at least another year.

He says there's a really inflationary environment at the moment, so we aren't likely to see a return to low inflation until 2023-24.

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