Kelly Eckhold: Westpac Chief Economist ahead of the CPI release, says inflation is predicted to be around 2%

Many forecasters are expecting inflation to be around 2%, well within the Reserve Bank's target range.   The latest Stats NZ Consumer Price Index number will be released this morning.   The Reserve Bank was confident last week inflation is now below 3%.   Westpac Chief Economist Kelly Eckhold told Ryan Bridge that imported things like petrol and electronics have fallen in price, but rates, insurance, and services have increased.   He says the average of more than 2% reflects divergent trends.  LISTEN ABOVE See omnystudio.com/listener for privacy information.