RNZ·3 min read·medium
Firms quicker to raise prices than cut them during high inflation, RBNZ research finds
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RNZ | Te Reo Irirangi o Aotearoa✦AI Summary
Research from the Reserve Bank of New Zealand suggests that firms are faster to raise prices during inflation than they are to lower them when costs decrease. Chief economist Paul Conway noted that digital technology has made price adjustments more responsive to inflation expectations.
New Reserve Bank research shows Kiwi firms have become more likely to increase prices during periods of high inflation and are less likely to cut them when costs fall.
economybusiness
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