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Speaker 1: Liam Dan is The Herald's Business editor at large. Liam, Hello,

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Speaker 1: what's going on with the monthly food prices? Then?

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Speaker 2: Well, sort of sort of good news. I mean, you know,

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Speaker 2: it's in case, it's not rocket science. It's October and

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Speaker 2: vegetables got cheaper. But broadly speaking, the food prices were

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Speaker 2: down a bit or flat, which is good news because

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Speaker 2: the rest of the inflation story is catching up. All

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Speaker 2: that non tradable inflation is catching up, so the economists

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Speaker 2: are quite happy about that. Looks like we will be

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Speaker 2: on target to hit the inflation target around two percent, So,

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Speaker 2: you know, look broadly good news. But I just did

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Speaker 2: notice a little caveat there that the dairy prices are

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Speaker 2: starting to creep up. So you know, now this is

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Speaker 2: weirdly a good thing for New Zealand, right, But it

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Speaker 2: just means watch that block of cheese price because I

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Speaker 2: can guarantee people will be complaining about it in the

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Speaker 2: coming months as the dairy farmers go about the business

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Speaker 2: of possibly saving the economy.

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Speaker 1: Are we all settled on a fifty basis point cut

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Speaker 1: this month rather than seventy five?

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Speaker 2: Looks looks looks like it, I think I said to you,

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Speaker 2: I thought they'd go seventy five a few weeks ago,

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Speaker 2: but nobody's picking that anymore. The unemployment came in a

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Speaker 2: bit better than expected, and then of course our dear

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Speaker 2: friend Donald Trump is expected to do a whole bunch

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Speaker 2: of policies. It has the markets pushing bond yields up,

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Speaker 2: which means interest rates around the world rise, and so

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Speaker 2: that's a little bit more upward pressure. So I don't

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Speaker 2: think we're going to see anything other than fifty. I mean,

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Speaker 2: they couldn't go less than that. We've still got all

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Speaker 2: the recessionary problems, but seventy five does look to be

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Speaker 2: off the table.

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Speaker 1: I good to talk to you. Thank you, Liam, really

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Speaker 1: appreciate it. Liam dan Ol Jesus Editor at Large.

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Speaker 2: For more from Heather Duplessy Allen Drive, listen live to

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Speaker 2: news talks. It'd be from four pm weekdays, or follow

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Speaker 2: the podcast on iHeartRadio.