Inflation expectations lift-off

Inflation expectations lift-off
Inflation expectations are at the highest level since 1990. (Image: Depositphotos)
Andy Fyers
Expectations of future inflation are rising and while they haven't matched the actual rate yet, they are closing in.The latest survey of expectations from the Reserve Bank of New Zealand (RBNZ) saw one-year ahead inflation expectations lift to 4.9% in the second quarter of 2022, the highest rate recorded in the survey since 1990.Actual inflation is at 6.9% for the first quarter of 2022, also a 30-year high.The two-year ahead expectations are also at a three-decade high of 3.3%.The five-year expectations, which are typically more stable arou...

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