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7 Oct 2024 9:28
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      Home > News > Business

    There are further signs inflation is starting to level out, ahead of the next review of the Official Cash Rate on Wednesday

    There are further signs inflation is starting to level out, ahead of the next review of the Official Cash Rate on Wednesday


    The Reserve Bank's expected to cut the OCR by 25 to 50 basis points.

    Latest figures from Infometrics show Foodstuffs' supermarket supplier costs increased 2.3 percent in both the year to August, and the year to September.

    Infometrics says an increase of just over two-percent now appears to be the "new normal".

    We won't get an official update on the inflation rate until next week, but the Reserve Bank is confident it's back within the one to three percent target range.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     06 Oct: Scam victims are being urged to be vigilant for potential future recovery scams
     06 Oct: NZTA says State Highway 1 is under stop go traffic management near Tuamarina, between Blenheim and Picton -and could close fully later this morning - after a serious crash
     06 Oct: Interest rates are continuing to fall, but house prices are yet to rise
     05 Oct: Emergency Management Otago's priority is now restoring access and services to isolated communities
     05 Oct: The Reserve Bank board has plenty to think about this weekend, as it weighs up whether to cut the Official Cash Rate
     Top Stories

    RUGBY RUGBY
    Sir John Kirwan would leave TJ Perenara out of the All Blacks' northern hemisphere tour squad More...

    BUSINESS BUSINESS
    There are further signs inflation is starting to level out, ahead of the next review of the Official Cash Rate on Wednesday More...


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