Liam Dann: NZ Herald Business Editor at Large on the inflation rate easing to 3.7% in the September quarter
Inflation is still much higher than it should be, largely because of high global oil prices.
Stats NZ data shows the rate's now on 3.7%, down from 4.1% three months ago.
Domestic non-tradeable inflation —for things like housing, electricity, and healthcare— has been trending down.
Internationally-driven tradeable inflation —for things we import and export— has dipped, after trending up.
But NZ Herald Business Editor at Large Liam Dann told Kerre Woodham economists are forecasting anywhere up to 4.7% inflation for the December quarter, which is pretty ugly.
He says even…
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