Henry Russell: ANZ Economist on predicts inflation will drop to 4% instead of 3.8% as the Reserve Bank expects

Inflation is expected to cool further today, but some predict it falling more than others.  ANZ's expecting today's figures to show annual inflation dropping to 4%, down from the 4.7% it was in last year's final quarter.  The forecast is above the Reserve Bank's February expectation of 3.8%.   ANZ Economist Henry Russell told Mike Hosking that's a little low.  He says there should be enough data in today's figures to show inflation is continuously coming down, but progress is coming more slowly than the Reserve Bank anticipated.  LISTEN ABOVE See omnystudio.com/listener for privacy information.