Dramatic plummet in inflation puts more pressure on Reserve Bank
Governor Wheeler has a choice: capitulate to the doves or hang more of his position on asset prices rather than consumer prices. With special audio.
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Hawke’s Bay
Price inflation has defied even the more dovish projections, dropping to 0.1% for the year.
Not only is that below the consensus forecast of 0.3%, it is well below the Reserve Bank's projection of a 1.2% figure for the year.
For the last quarter, price inflation turned negative, falling 0.5%,
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Dramatic plummet in inflation puts more pressure on Reserve Bank
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