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Editorial: Should we be worried about rising prices?
15 Apr, 2021 05:00 PM
3 minutes to read
Grocery bills haven t risen yet, despite warnings. Photo / Richard Robinson, File
NZ Herald
EDITORIAL:
New Zealand is being told to brace itself for a year of price hikes as retailers and manufacturers pass on rising costs caused by pandemic supply disruptions. Should we be worried that we re about to be hit in the pocket?
Regular readers of economic commentary will take the forecasts of rising inflation with a grain of salt. We ve had more than a decade of false expectations since the world first emerged from the global financial crisis.
Prices rising as cost pressure builds on business - NZIER nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
MacroBusiness
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at 7:24 am on April 13, 2021 | 4 comments
It was an evening of paralysis for the Australian dollar as markets wait for key US data. The same goes for DXY:
The Australian dollar was overall weak versus developed markets:
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Event Wrap
FOMC member Bullard said that while it was too early to start taking about changing policy, and he would leave it up to Chair Powell to initiate the discussion on tapering, once 75% to 80% of the population is vaccinated, “it will be time to start assessing where we want to go next.” He also noted that It will be difficult to interpret CPI data due to base effects as well as supply chain bottlenecks, with better comparisons to be made in the second half of this year. He was encouraged by the price increases to date, and would like to see market and survey-based inflation expectations rise further. He has no concerns over systemic risks.