CPI inflation data: Ai Group comment

“Today’s CPI numbers reinforce the serious threat that inflation poses for the year ahead. While the 7.8% annual rate of increase is a bit lower than the Reserve Bank’s most recent forecast, it has also indicated that it is closely monitoring ongoing price and wages increases. Taming the inflation tiger will require moderation of prices and wages over the period ahead,” Innes Willox Chief Executive of the national employer association Ai Group said today.

/Public Release. This material from the originating organization/author(s) may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s).View in full here.