Inflation hardly a 'smoking gun' for RBNZ

Inflation hardly a 'smoking gun' for RBNZ
Rebecca Howard
Higher petrol costs and rising housing-related costs are likely to spur a lift in fourth quarter inflation, but economists say it won’t be enough to shift the Reserve Bank's outlook.“We do not expect the Q4 CPI outturn to reveal an inflationary smoking gun,” said ASB Bank economist Mark Smith. The data is due at 10:45am on Friday.ASB Bank is expecting a 0.4 percent quarter-on-quarter increase in the consumers price index, with annual inflation ticking up to 1.8 percent. Its forecasts are in line with the median in a Bloomberg poll. The Reserve...

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