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Behavioural changes likely to impact the inflation rate - ASB Chief Economist

Author
Newstalk ZB,
Publish Date
Wed, 17 Apr 2024, 9:27am
Photo / File
Photo / File

Behavioural changes likely to impact the inflation rate - ASB Chief Economist

Author
Newstalk ZB,
Publish Date
Wed, 17 Apr 2024, 9:27am

Banks are picking inflation to continue falling. 

ASB is expecting today's figures to show annual inflation falling to 4.1%, the lowest since June 2021.  

ASB Chief Economist Nick Tuffley told Mike Hosking that things like rates, rents, and insurance are going the wrong way. 

But, he says, it's still likely to drop because we aren't spending as much on durables, so some of those behavioural impacts should come through. 

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