Predictions Australian inflation to be slightly lower than NZ's

Author
Newstalk ZB,
Publish Date
Tue, 26 Oct 2021, 7:26PM
(Photo / Getty Images)
(Photo / Getty Images)

Predictions Australian inflation to be slightly lower than NZ's

Author
Newstalk ZB,
Publish Date
Tue, 26 Oct 2021, 7:26PM

We'll find out tomorrow whether Australia's inflation rate is just as hot as New Zealand's.  

The consumer price index here rose 4.9 percent in the year to September. 

HSBC's chief economist Paul Bloxham told Heather du Plessis-Allan he is predicting numbers around 3 percent for Australia. 

“The headline number will track at 3%, and the underlying measures, which are the main thing that really matter for interest rates, we still think will be below the RBA’s target.” 

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