Mark Smith: ASB senior economist says inflation may go beyond expected 7 percent peak
If the food prices are any indicator, inflation may not have hit its peak yet.
Yesterday, we got the news that food prices were up almost 7 percent on last year, including a 10 percent increase in fruit and vegetables.
It puts into doubt the idea that inflation will peak this quarter at 7 percent.
ASB senior economist Mark Smith joined Mike Hosking.
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