Next week's data to show fiery inflation not so hot

(Image: Getty)

Fri, 19 Jan 2024

Economists are expecting inflation to fall short of the central bank’s forecasts, adding to the view that rate cuts may soon be on the cards.The Reserve Bank of New Zealand's (RBNZ) November forecasts show consumer prices lifting 0.8% over the December quarter and 5% over the past 12 months.Westpac Bank is tipping 0.5% in the December quarter, leaving them up 4.7% over the past 12 months.The inflation data is due next Wednesday.Softness“Our lower inflation forecast reflects softness in the prices for volatile items like internat...

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