Brad Olsen: Economist says with no expectation fuel prices will drop soon, policies may be around for a while
Ongoing action to cool prices at the pump may be a bid to get in front of new inflation figures.
The Government has revealed it will retain cuts to fuel excise tax, road user charges and half-price public transport until the end of January.
Stats NZ is set to announce the Consumer Price Index for the June 2022 quarter this morning.
Infometrics principal economist Brad Olsen says the move appears to be a preventive action, but the pain must be felt at some point.
He says with no expectation fuel prices will drop soon, these policies may be around for a while.
LISTEN ABOVE
See…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.