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20 May 2022 12:48
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  •   Home > News > Business

    Inflation could be about to reach its highest point in three decades -- and keep climbing for months to come

    Inflation could be about to reach its highest point in three decades -- and keep climbing for months to come


    The latest Consumer Price Index data is due out at 11 this morning.

    Most economists are predicting an annual inflation rate of about six-percent for the 2020 calendar year.

    ANZ Chief Economist Sharon Zollner says there's not much we can do to avoid the effects of high inflation, and there's not much we can do to prevent it.

    She says the price of almost everything is increasing, the price rises are global, and probably haven't reached their peak.

    © 2022 Newstalk ZB, NZCity

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