Headline heads north. But core matters more.

Inflation accelerated over the June quarter. But it wasn’t as bad as many had feared. And context is key. A strengthening in imported inflation is driving headline higher. But domestic price pressures, on balance, continue to cool. It’s all about what’s really going on under the hood of the headline number. So, tune in as we break down the latest Kiwi inflation report. From what’s specifically driving the rise and where price pressures are coming off. Spoiler, it's the Interest rate-sensitive parts of the consumer basket that are notably weak. And that matters for the outlook on monetary policy. With excess capacity still sloshing around the economy, domestic inflation is set to continue easing. And taken together, this latest print adds weight to our case for more rate relief.Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado.Follow our economic commentary & insights here: https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/commentary-insights/Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.