Rainy day savings & price growth ravings

The latest inflation data revealed some big, scary numbers. Inflation is running at 4.1%, the highest since 2023. Electricity, meat, and of course fuel prices were up sharply. However, domestic inflation finally eased, and the core measures of inflation that strip away volatile energy and food prices are a lot less frightening.Kiwi households continue to uphold good savings habits. Although the ever soaring cost of living continues to be the biggest barrier to household savings.Geopolitical uncertainty rages on and oil prices bounce around. Renewed conflict in the Strait of Hormuz is driving business and consumer uncertainty here in Aotearoa. One thing is certain, though, and that's Jarrod's plans to convert his home into a cattle farm.Hosted by Jarrod Kerr, Alexandra Turcu and Elliott Lowe. Follow our economic commentary & insights here https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/. Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.