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29 May 2022 19:57
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  •   Home > News > Business

    Omicron is expected to burn a hole in consumers' pockets

    Omicron is expected to burn a hole in consumers' pockets


    The highly contagious variant is expected to lead to supply chain disruptions, as people fall ill.

    ANZ chief economist Sharon Zollner says people will choose not to go out so much and prices are expected to go up.

    She says for the Reserve Bank it's yet another negative supply shock that's going to lift inflation pressures, despite being bad for growth.

    ANZ's predicting inflation of six percent next year but Sharon Zollner says it could go higher.

    © 2022 Newstalk ZB, NZCity

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    The Blues are all business as they head into the Super Rugby Pacific playoffs as top seed, and unbeaten in their last 13 games More...


    BUSINESS BUSINESS
    Pain at the pump is only set to get worse - as the cost of importing fuel hits a record high More...



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