Inflation above expectations at 7.3%
Construction, rents and fuel prices all pushed inflation higher.
Inflation showed no sign of slowing in June quarter. Illustration Michael Hickmott.
Jonathan Mitchell
Mon, 18 Jul 2022
Annual inflation has hit a 32-year-high at 7.3%. Stats NZ data for the June-quarter Consumers Price Index showed it was the highest increase since mid-1990.
It followed a 6.9% increase in the March quarter.
Economists had been expecting inflation this quarter to be around 7%.
On a quarterly basis,
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Jonathan Mitchell
Mon, 18 Jul 2022
Contact the Writer: jmitchell@nbr.co.nz
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