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Henry Russell: ANZ Economist predicts the inflation rates for the last three months to September
High inflation may be sticking around for a while longer. \xa0
Stats NZ will release the figure for the three months to September today. \xa0
Petrol is a big factor in that increase, with a combined removal of the subsidy and international factors driving it up. \xa0
ANZ Economist Henry Russell expects the annualised figure to September to be 6.1%. \xa0
He told Mike Hosking that there other factors contributing to that. \xa0
Russell says wages are an important factor in domestic inflation and contribute towards the Reserve Bank's decisions.\xa0
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