Inflation in focus as businesses await the latest CPI reading | Herald NOW Busi…

Inflation in focus as businesses await the latest CPI reading | Herald NOW Business <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":1,"label":"Inflation Data Release Looms","summary":"The video discusses the upcoming release of New Zealand's latest inflation figures for the June quarter. Economists anticipate these figures will show a continued rise in prices."},{"timeSeconds":10,"label":"Westpac Economist Weighs In","summary":"Westpac economist Satish Ranchhod joins the discussion to provide insights into the inflation data. He is introduced as an expert on the New Zealand economy."},{"timeSeconds":20,"label":"Inflation Expected to Rise","summary":"Ranchhod predicts that inflation will likely reach a two-year high, potentially around 4%. He notes this is higher than the Reserve Bank's expectations."},{"timeSeconds":41,"label":"Factors Driving Inflation","summary":"The discussion touches on factors contributing to inflation, such as international holiday costs and fuel prices. These are identified as key drivers."},{"timeSeconds":106,"label":"Core Inflation and Other Pressures","summary":"The conversation shifts to core inflation measures, which exclude volatile items like fuel. These core measures are also showing upward pressure, indicating broader inflation concerns."},{"timeSeconds":133,"label":"Persistent Inflationary Pressures","summary":"Ranchhod highlights that various cost pressures, including electricity and other services, are keeping inflation elevated. These are not directly tied to the strength of the economy."},{"timeSeconds":151,"label":"RBNZ Faces Tough Rate Decisions","summary":"The Reserve Bank of New Zealand is facing difficult decisions regarding interest rates. The persistence of inflation and the state of the labour market are key considerations."},{"timeSeconds":212,"label":"Australian Inflation Comparison","summary":"The discussion briefly compares the situation to Australia, noting that Australian Treasury officials are monitoring inflation closely, particularly with oil prices at $150 a barrel."}]} <!--/mynz:youtube-chapters-->