Economists are predicting inflation will slow to its lowest level in two years, with the figures for the last quarter of 2023 out Wednesday morning.
Consumer prices are expected to have slowed to 0.5 percent in the three months to December, with fuel, food and air fares all dropping in price.
The annual inflation rate is tipped to drop below 5 percent to 4.7 percent.
But stubbornly high rents and rates are still driving inflation.
BNZ economist and head of research Stephen Toplis spoke to Corin Dann.