19 Oct 2021

Economists warn rising inflation prices here to stay

From Morning Report, 7:41 am on 19 October 2021

Previous claims that a spike in inflation would be short lived are being discarded as economists now warn that rising prices are here to stay.

Inflation has hit its highest level in a decade with consumer prices rising 2.2 percent in the three months to September. The annual rate is now at 4.9 percent - far outstripping analysts' forecasts.

Here's political reporter Charlie Dreaver.