Inflation is the hottest topic in economics right now, with economic powerhouses like the US, Germany or UK about to hit (or have already reached) double figures. Even our once-called ‘rock-solid’ economy is trending in this direction, yet our reserve bank seems reluctant to take the necessary monetary policy measures.
Part of the uncertainty and anxiety caused by inflation is the lack of real-time values. We know that at the end of the September quarter, NZ inflation was 7.2%. The RBNZ suggested that we have reached the peak and inflation will fall soon, but unless we know today’s value, we have no idea if this is true.
