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31 Dec 2024 6:46
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      Home > News > Business

    There are further signs inflation is starting to level out, ahead of the next review of the Official Cash Rate on Wednesday

    There are further signs inflation is starting to level out, ahead of the next review of the Official Cash Rate on Wednesday


    The Reserve Bank's expected to cut the OCR by 25 to 50 basis points.

    Latest figures from Infometrics show Foodstuffs' supermarket supplier costs increased 2.3 percent in both the year to August, and the year to September.

    Infometrics says an increase of just over two-percent now appears to be the "new normal".

    We won't get an official update on the inflation rate until next week, but the Reserve Bank is confident it's back within the one to three percent target range.

    © 2024 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    Lydia Ko has been appointed a Dame in the New Year's Honours list for services to golf, coming off a year where she completed an Olympic trifecta of medals with gold in Paris More...

    BUSINESS BUSINESS
    Two dead, nearly all ports closed as 4m-high waves batter Ecuador and Peru More...


     Today's News

    		 Rugby:
    Lydia Ko has been appointed a Dame in the New Year's Honours list for services to golf, coming off a year where she completed an Olympic trifecta of medals with gold in Paris 6:27

     Law and Order:
    Armed police have intercepted a suspected robbery in Auckland's Massey at about 3:30 this afternoon 21:57

     Law and Order:
    Eight youths have climbed onto the roof of the Korowai Manaaki youth justice facility in South Auckland's Wiri 21:37

     Business:
    Two dead, nearly all ports closed as 4m-high waves batter Ecuador and Peru 21:07

     Tennis:
    A solid and successful hit-out for Naomi Osaka in round one of tennis' ASB Classic 19:07

     Cricket:
    Young fast bowler Zak Foulkes is being hailed as a star of the future as the Black Caps get set for tonight's second T20 cricket clash with Sri Lanka in Mount Maunganui 18:57

     Boxing:
    A big breakthrough in the shadows of lunch in the Boxing Day cricket test in Melbourne.. 18:37

     Health & Safety:
    Family of Gaza doctor fear for his safety as Israel claims arrests of October 7 attackers 18:17

     Accident and Emergency:
    A person's in critical condition after a traffic-related incident in the Taranaki town of Bell Block 18:07

     Motoring:
    The Marlborough District Council's recommending people keep clear of waterways and take care on the roads 17:27

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