Inflation is expected to hit a three-decade high in numbers due later this morning, with economists forecasting the annual rate to nudge above 7 percent.
They say official data from Stats NZ are likely to show the consumer price index up about 1.5 percent for the three months ended June, with key drivers including rampant fuel prices and more expensive food.
The ongoing inflationary pressure means the Reserve Bank is likely to continue with aggressive rate hikes.
ANZ chief economist Sharon Zollner spoke to Corin Dann.
