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Inflation unlikely to drop as much as the Reserve Bank expects - ANZ Economist

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Newstalk ob体育接口,
Publish Date
Wed, 17 Apr 2024, 8:16am
 Photo / Getty Images
Photo / Getty Images

Inflation unlikely to drop as much as the Reserve Bank expects - ANZ Economist

Author
Newstalk ob体育接口,
Publish Date
Wed, 17 Apr 2024, 8:16am

Inflation is expected to cool further today, but some predict it falling more than others.

ANZ's expecting today's figures to show annual inflation dropping to 4%, down from the 4.7% it was in last year's final quarter.

The forecast is above the Reserve Bank's February expectation of 3.8%.

ANZ Economist Henry Russell told Mike Hosking that's a little low.

He says there should be enough data in today's figures to show inflation is continuously coming down, but progress is coming more slowly than the Reserve Bank anticipated.

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