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	Podcast:		The Mike Hosking Breakfast
	Episode:		Brad Olsen: Infometrics Principal Economist says people are taking one step forward, two steps back
	Category:		News & Politics
	Duration:		00:02:29
	Publish Date:		2022-03-23 19:45:23
	Description:		The pressure's on New Zealand households. Finance Minister Grant Robertson is signalling another 2.5 percent rise in inflation if Russia's invasion of Ukraine lasts a year. Inflation's already at a three-decade high and ASB says households are forking out an extra $150 a week. Infometrics Principal Economist Brad Olsen says that figure rings true. He told Mike Hosking households are watching costs go up but a full-time worker is only making an extra $50 a week, before tax. Olsen says people are taking one step forward but going two or three steps back. LISTEN ABOVE See omnystudio.com/listener for privacy information.
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