Nicola Willis: Finance Minister on annual inflation hitting 4.1% driven by a surge in fuel prices and rise in electricity bills

The Finance Minister expects to see power prices start easing "soon".  Inflation's hit a two-year high of 4.1%.  It's been driven not only by the surge in global petrol and diesel prices thanks to the war in Iran, but also the 12% annual rise in household electricity bills.  Nicola Willis told Mike Hosking the increase in power generation is pushing down commercial power prices and should also start bringing down household power prices.  She says the extra generation is consented and is being built, and the Government expects the fall in energy costs to be passed on to retail customers.  LISTEN ABOVE See omnystudio.com/listener for privacy information.