Liam Dann: NZ Herald business editor at large on the lower-than-expected 6.7 inflation rate
The lower-than expected 6.7 inflation rate offers some light at the end of the tunnel.
This figure is unlikely to change the current outlook, as economists are still predicting the Reserve Bank will deliver another 25 basis point hike to the OCR next month.
NZ Herald business editor at large Liam Dann says this inflation rate presents good news after months of inflation being worse than expected.
Liam Dann says domestic inflation is still concerningly high, but not as bad as predicted.
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