The latest year on year inflation figures are due to be released this morning.
Economists have mixed views on what the numbers will show, with some countries seeing inflation start to ease.
ANZ expects inflation to stay high at 7.2 percent, but that is a more positive view than that of the Reserve Bank which has a 7.5 percent expectation.
ANZ's inflation and monetary policy expert Finn Robinson spoke to Guyon Espiner.
