Satish Ranchod: Westpac senior economist says peaked inflation little consolation for households

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Recorded18 Jul 2022

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A senior economist says even if inflation's peaked, that is little consolation for stretched households.Stats NZ figures show inflation has hit 7.3 percent in a three-decade high.Grant Robertson says economists think inflation may have reached its upper limit.But Westpac senior economist Satish Ranchod told Newstalk ZB's Drive that doesn't mean financial pressures will ease.He says a drop from rising seven percent still won't release pressure on household budgets. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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