The Consumer Price Index doesn't fully account for increases in the cost of living. With special feature audio.
Annual house price inflation soared 16.3% nationally in July and 23% in Wellington.
New labour market statistics out this week showed wages are still rising faster than inflation.
Private sector ordinary time wages rose 0.4 percent in the three months ended June 30.
Inflation expectations were virtually unchanged but still below 2% looking ahead two years.
Low inflation figures make a rate cut “a done deal” says one economist – but not all so sure. With special feature audio.
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