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Speaker 1: Hey, if you spend any time in Europe in the

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Speaker 1: last forty years or so, you might know the name

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Speaker 1: perskin Dole. Now, if you don't know the name, let

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Speaker 1: me tell you about this, okay. Perskin Dole is a

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Speaker 1: non medicated topical pain relief solution for your muscles and joints.

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Speaker 1: It's been trusted by Swiss consumers for over forty years

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Speaker 1: and now perskin doll is available here in New Zealand

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Speaker 1: as well. You can get it from the Chemist Warehouse,

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Speaker 1: Unicam and other leading pharmacies. And the thing about perskin

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Speaker 1: doll is it has a unique dual action formula which

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Speaker 1: goes on cool gives you the immediate relief, and then

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Speaker 1: as you massage it and it starts warming up to

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Speaker 1: soothe the pain within fifteen minutes. It's got eight essential oils.

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Speaker 1: It's also ANAKA free and the long and short of

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Speaker 1: it basically is that perskin Dole is stronger than your pain.

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Speaker 1: It's available now at chemist Warehouse, at Unicam, at other

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Speaker 1: leading pharmacies. Perskin dollars a new name, can be tricky

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Speaker 1: to pronounce, so simply look for the bright yellow pack

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Speaker 1: in store. You can't miss it. Always read the label

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Speaker 1: and follow directions for.

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Speaker 2: Use Heller Duplice Allen.

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Speaker 1: Right, sixteen past six. Now, food prices well up just

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Speaker 1: a little bit, but petrol prices were down in the

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Speaker 1: twelve months to July. The increase in food price is

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Speaker 1: largely driven by higher prices for restaurant meals and ready

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Speaker 1: to eat food, but vegi and fruit were down eight

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Speaker 1: point five percent, and you can't complain about that. Liam

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Speaker 1: dan Is, The Herald's Business editor at large.

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Speaker 2: Alam, yet, yeah, is it a good news, right?

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Speaker 1: A bit of good news. We've had two days of

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Speaker 1: good news. Liam. This is this is Adrian and all

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Speaker 1: and we're going to be partying in a minute.

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Speaker 2: Is here?

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Speaker 1: Is he at all interested in this?

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Speaker 2: Yeah, there'll be. They'll be, I guess pleased with that.

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Speaker 2: I mean, it would have been a bit of a

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Speaker 2: disaster if they'd been. And it's to me it's still

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Speaker 2: a you know, I've been quite cautious. I think it's

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Speaker 2: still a little bit of hand the mouth, you know whatever,

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Speaker 2: you know, nerve wracking period. You know, you don't want

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Speaker 2: inflation bouncing back up when you're not officially under under three.

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Speaker 2: But they seem very confident that they are, you know,

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Speaker 2: like you could see the stuff in that data today,

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Speaker 2: it's the selected price index stuff. You know, at the

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Speaker 2: front end, rents are starting to flatline, even come down.

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Speaker 2: So there's two measures there for rents, and the one

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Speaker 2: where they count the new tendency agreements is starting to

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Speaker 2: show a trend downwards. People weren't you know a lot

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Speaker 2: of people weren't feeling that yet. But yeah, promising signs,

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Speaker 2: I think, you know, and and economists have generally interpreted it.

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Speaker 2: That and the electronic card transactions, which is another way

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Speaker 2: of saying retail spending these days. Thing is no one's

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Speaker 2: using cash. But you know that that was off of

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Speaker 2: it too, So you know, we are probably just about

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Speaker 2: ready to celebrate winning the war on inflation. You know,

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Speaker 2: we'll celebrating in another sessions.

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Speaker 1: Yeah, there's always that. I forget that. You're an economist,

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Speaker 1: so you need to well, you love your economics, got

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Speaker 1: a big lass half empty the whole time.

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Speaker 2: But it is interesting. It does mean that we're kind of,

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Speaker 2: you know, whatever, you whoever you look at the pandemic cycle,

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Speaker 2: it's kind of coming to an end. So you know,

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Speaker 2: whether it's you know, you look at the blame the

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Speaker 2: pandemic itself, you blame some of the management or whatever

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Speaker 2: through that period. Here we are just about back to something.

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Speaker 2: You get out of recession in another three months and

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Speaker 2: we might be able to say well things are normal,

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Speaker 2: and we might got to say that for a very

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Speaker 2: short time until, of course something else will come along.

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Speaker 1: Gee stop it, Liam, stop a whistle and celebration mode.

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Speaker 1: Listened On the petrol being down, is that basically because

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Speaker 1: of the Auckland field tax coming off?

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Speaker 2: Yeah, I mean petrol actually rose when you looked around

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Speaker 2: the regions, it was up everywhere except Aukland, where it

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Speaker 2: was down a tiny bit. So we didn't see a

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Speaker 2: ten percent drop at Auckland, but I guess that's the

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Speaker 2: way the oil markets went over that period. So yeah,

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Speaker 2: eating up pretty quickly by global prices. But yeah, I

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Speaker 2: was looking a bit down. That was probably to do

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Speaker 2: with that tax coming off.

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Speaker 1: Yeah, Liam, thank you very much, Thank you for your time. Appreciated.

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Speaker 1: Is Liam Don, the Herald's Business editor at large. Speaking

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Speaker 1: of Adrian or just there he struggles a I mean,

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Speaker 1: I suppose we all do to some extent, but he

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Speaker 1: really really struggles to admit he got anything wrong. He

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Speaker 1: was at the Finance and Expenditure Select Committee this morning

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Speaker 1: and it was the chair Stewart Smith.

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Speaker 3: Your forecasts have been described as I think one hundred

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Speaker 3: and eighty complete one hundred and eighty degree turn on

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Speaker 3: the May forecast.

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Speaker 1: Who got under Adrian or skin today?

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Speaker 3: I can't give their time to that. That comment a

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Speaker 3: U turn would have Well, it's just wrong. That's why,

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Speaker 3: so won't bother. There's no U turn?

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Speaker 1: Yeah, it was was that wasn't going to put Stuart

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Speaker 1: off Stuart. Stuart was Stewart at a point to make.

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Speaker 1: So he said to Adrian or basically that inflation was

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Speaker 1: as bad as it was because Adrian made it worse himself.

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Speaker 1: And Stuart's bang on. And the point that he made

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Speaker 1: is because Adrian kept on the funding for lending program

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Speaker 1: for too long? Will you apologize to New Zealanders for that?

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Speaker 3: I don't understand your logic. Sorry, So, yeah, we lose

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Speaker 3: some monetary policy. And it went on the underlying hypothesis

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Speaker 3: put on the table here is incorrect and when so

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Speaker 3: that's where I didn't understand your logic because they are

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Speaker 3: running in opposite directions.

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Speaker 1: I love I love that. Have you noticed there's a

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Speaker 1: tactic for somebody as smart as Adrian right, he does understand,

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Speaker 1: but he just goes that don't really get it, and

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Speaker 1: he just plays dumb, and then he doesn't have to

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Speaker 1: answer the question. Now that we're onto, it could have

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Speaker 1: used that to our advantage if we become toe to

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Speaker 1: toe with them six twenty one.

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Speaker 3: For more from Hither Duplessy Allen Drive, Listen live to

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Speaker 3: news talks he'd be from four pm weekdays, or follow

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Speaker 3: the podcast on iHeartRadio.