Mark Smith: ASB Economist says the big question is whether high inflation continues to next year

This morning's inflation rate will be historically high - but economists are divided on how high inflation will be, and how long it will last.Stats NZ will release its latest Consumer Price Index data just before 11am.ASB Economist Mark Smith told Roman Travers the big uncertainty is whether the high inflation continues into next year.“The longer these prices stay up, the more the cost of high inflation becomes embedded in the economy and the more work the Reserve Bank will have to do to try and raise interest rates.”LISTEN ABOVESee omnystudio.com/listener for privacy information.