Henry Russell: ANZ Economist ahead of Stats NZ releasing the quarterly inflation numbers

All signs are pointing to a much-needed easing in inflation.  Stats NZ will release its latest quarterly inflation numbers at 10.45 this morning.  They're expected to show the annual inflation rate has fallen below the 5% forecast of the Reserve Bank.  ANZ economist Henry Russell told Roman Travers that they expect most of this downward trend to come from the tradable side of the basket, which is the largely imported component.  The Reserve Bank will be focusing on the domestic driven or non-tradeable component of inflation today, which Russel expects to come in line with the Reserve Bank’s forecast.  LISTEN ABOVE See omnystudio.com/listener for privacy information.