Brace for a tick higher in inflation

14.7.22 (9.40am) ANZ Bank is forecasting that annual CPI inflation hit 7.1% in Q2 – a slight increase from Q1’s already-strong 6.9% print. “Uncertainty remains high, with global commodity prices being buffeted by geopolitical developments, and trading partner inflation continuing to surge,” says ANZ chief economist Sharon Zollner, with senior economist Finn Robinson. “Domestic inflation […]