Mark Smith: Economist says food prices and housing costs are the two major factors driving high inflation rate
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Our current period of high inflation isn't over yet. Latest figures due out this morning are expected to show consumer prices rose between 6.9 percent and 7.2 percent in the year to March. ASB Senior Economist Mark Smith told Roman Travers says two major factors are driving the high inflation rate. "One is food prices really have rocketed and the second thing is housing costs remain really elevated, despite the softer housing market." LISTEN ABOVE See omnystudio.com/listener for privacy information.
