Nick Tuffley: ASB Chief Economist predicts that inflation will drop to 4.1%

Banks are picking inflation to continue falling.  ASB is expecting today's figures to show annual inflation falling to 4.1%, the lowest since June 2021.   ASB Chief Economist Nick Tuffley told Mike Hosking that things like rates, rents, and insurance are going the wrong way.  But, he says, it's still likely to drop because we aren't spending as much on durables, so some of those behavioural impacts should come through.  LISTEN ABOVE See omnystudio.com/listener for privacy information.