ZB

Jarrod Kerr: High inflation not just governments fault

Author
Newstalk ZB,
Publish Date
Thu, 27 Jan 2022, 5:40pm
(Photo / Getty Images)
(Photo / Getty Images)

Jarrod Kerr: High inflation not just governments fault

Author
Newstalk ZB,
Publish Date
Thu, 27 Jan 2022, 5:40pm

One economist says high inflation shouldn't be solely blamed on the Government.  

It's hit 5.9 percent today, the highest figure in 30 years.  

Kiwibank Chief Economist Jarrod Kerr says the Reserve Bank will probably lift interest rates to cool it down.  

He told Heather du Plessis-Allan there are domestic reasons but we can also blame international factors. 

“The global supply chain which has seized up, and caused a massive spike in shipping costs globally. The fact that petrol prices are up 30 percent.” 

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