JMI Wealth Director Andrew Kelleher says Cyclone Gabrielle will have an impact on inflation, especially in regards to construction costs and rents.
He told Mike Hosking that food prices will also go up.
Kelleher says farming regions have been hit worst, and it'll be more expensive for farmers to get their produce to market.
LISTEN ABOVE
- Wairoa Mayor says residents are living in a town of two halves due to Cyclone Gabrielle
- Generator thefts behind the delay in restoring communications in Gisborne and Hawkes Bay
- Kate Hawkesby: Cyclone Gabrielle: 'Our optimistic and resilient nature also prevents us from complaining and asking the questions that need to be asked'
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