Interest.co.nz·4 min read·medium
Annual inflation hits 4.1% in June quarter - reaching a two-year high
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New Zealand's annual inflation rate rose to 4.1% in the June quarter, exceeding the central bank's target range and previous projections. The increase was primarily driven by higher petrol prices due to global supply disruptions.
Annual inflation, as measured by Statistics New Zealand’s Consumers Price Index (CPI) increased to 4.1% in the June quarter – the highest annual inflation rate NZ has seen since it hit 4.7% in December 2023.
economybusiness
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