Jenee Tibshraeny: NZ Herald Wellington business editor on what to expect from tomorrow's inflation data

Best of Business · Apr 19, 2023 · 2m

The annual inflation rate is out tomorrow, and it's expected to remain stubbornly high.

Westpac economists forecast the annual inflation rate will come in at 6.9 percent, BNZ and Kiwibank predict 7.1 percent and ANZ and ASB economists expect 7.2 percent.

NZ Herald Wellington business editor Jenee Tibshraeny says inflation rates will still be well beyond the Reserve Bank's 1 to 3 percent target range.

"Some people might look at this and think- well, it's a bit better than what the Reserve Bank expected. But at that level, 7.3, 7.2, 7, same difference."

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