Inflation reprieve could be brief, with spikes on the way, economist warns

A warning we could see some more nasty inflation spikes before the year is out. 

Stats NZ is releasing the inflation data for the three months to September just before 11 this morning. 

Economists expect it to show inflation’s sitting around 3.7%. 

BNZ Chief Economist Mike Jones told Ryan Bridge they're expecting inflation to rise to 4.7% in the next update. 

He says most of it is due to the spike in fuel prices, but the numbers today will show core inflation is also on the rise. 

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