News | Business
7 Oct 2024 10:23
| outlook hotmail | yahoo mail | gmail | news | weather | finance | shopping | about nzcity | Search |
NZCity News
NZCity CalculatorReturn to NZCity
SEARCH 

  • Start Page
  • Personalise
    •    News
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

    •
      Home > News > Business

    There are further signs inflation is starting to level out, ahead of the next review of the Official Cash Rate on Wednesday

    There are further signs inflation is starting to level out, ahead of the next review of the Official Cash Rate on Wednesday


    The Reserve Bank's expected to cut the OCR by 25 to 50 basis points.

    Latest figures from Infometrics show Foodstuffs' supermarket supplier costs increased 2.3 percent in both the year to August, and the year to September.

    Infometrics says an increase of just over two-percent now appears to be the "new normal".

    We won't get an official update on the inflation rate until next week, but the Reserve Bank is confident it's back within the one to three percent target range.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     06 Oct: Emergency Management Otago Group Controller Matt Alley has acknowledged the huge amount of work ahead for many households, farmers and businesses in the aftermath of severe heavy rain
     06 Oct: Who should pay when building or repairing a shared fence?
     06 Oct: Scam victims are being urged to be vigilant for potential future recovery scams
     06 Oct: NZTA says State Highway 1 is under stop go traffic management near Tuamarina, between Blenheim and Picton -and could close fully later this morning - after a serious crash
     06 Oct: Interest rates are continuing to fall, but house prices are yet to rise
     05 Oct: Emergency Management Otago's priority is now restoring access and services to isolated communities
     05 Oct: The Reserve Bank board has plenty to think about this weekend, as it weighs up whether to cut the Official Cash Rate
     Top Stories

    RUGBY RUGBY
    Sir John Kirwan would leave TJ Perenara out of the All Blacks' northern hemisphere tour squad More...

    BUSINESS BUSINESS
    There are further signs inflation is starting to level out, ahead of the next review of the Official Cash Rate on Wednesday More...


     Today's News

    		 National:
    A year of escalating conflict in the Middle East has ushered in a new era of regional displacement 10:17

     National:
    Palestinians want to choose their own leaders – a year of war has distanced them further from this democratic goal 10:07

     International:
    Meet the Chinese youth going from the cities to the countryside 10:07

     Law and Order:
    Hawkes' Bay Police have arrested a 46-year-old man, accused of trying to meet a teenage girl for sex 10:07

     Rugby League:
    Penrith have farewelled two key contributors to their NRL league dynasty with a 14-6 final win over Melbourne 9:27

     Politics:
    The Government's signalling the first list of projects to be fast-tracked, won't be the last 8:27

     Rugby League:
    Penrith have secured their status as Australian league's greatest club team since 1966, claiming their fourth straight premiership 14-6 over Melbourne in the NRL final 8:07

     International:
    Gus Taylor's long climb back after amputation and an accidental death 8:07

     Entertainment:
    A year on, the memories of October 7 still haunt Israelis 7:57

     Education:
    Some Auckland schools are feeling the strain as they deal with rising student numbers 7:57

     News Search




    Power Search

    © 2024 New Zealand City Ltd