Prices are expected to rise for consumers as Omicron spreads
Prices are expected to rise for consumers as Omicron spreads
25 January 2022
The latest Consumer Price Index is due out on Thursday morning.
ANZ economist, Finn Robinson, says he thinks inflation will be between 5.5 and 6.5 percent for the year to December.
He says Omicron will hit us in the pocket because a huge chunk of the workforce will probably have to isolate.
Robinson says there have been a lot of shortages, which suggests we could see another temporary spike in inflation.
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