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ASB Chief Economist observes we may be getting used to high inflation

Author
Newstalk ZB,
Publish Date
Tue, 15 Nov 2022, 7:47pm
ASB Bank. Photo / Getty Images
ASB Bank. Photo / Getty Images

ASB Chief Economist observes we may be getting used to high inflation

Author
Newstalk ZB,
Publish Date
Tue, 15 Nov 2022, 7:47pm

There are concerns we're becoming too used to high inflation. Annual inflation is currently at 7.2 percent.

ASB Chief Economist Nick Tuffley says there are signs perceptions of future inflation are slipping.

He says a recent Reserve Bank survey shows people think inflation will still be about 5 percent a year away and about 3.6 percent in two years.

Tuffley says that jumped about half a percent compared to the survey a few months earlier.

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