Cost of living increases are running high worldwide -- the latest figures show the consumer price index across developed countries in the OECD was at 10.2 percent in the year to the end of July, the tiniest fall from the prior month.
Energy price inflation was around 35-percent while food price inflation was at 14.5 percent.
Māni Dunlop asked University of Otago economist Dr Murat Ungor about the global picture.
