Imported prices screech while domestic prices sing (a little off-key)

Headline inflation eased back over the September quarter, but still remains high at 3.7%. But that's ancient history now. With petrol prices through the roof this quarter, we're more worried about what lies ahead.

Domestic price rises continued to ease, while lower oil prices in July and August softened imported prices too. We love to sing the praises of a cheap Kiwi dollar, but while it benefits our exporters and tourism operators, it doesn't help with inflation.

Measures of core inflation are mixed. While inflation excluding the transport group is sitting at a moderate 2.7%, other core measures are a bit too high for comfort.

Hosted by Jarrod Kerr, Alexandra Turcu and Elliott Lowe. Follow our economic commentary & insights here https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/

Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.