Elevated annual inflation no red flag for RBNZ, economists say
Statistics NZ data today showed food prices rose 4.6% in the 12 months to January.
Beef prices have risen over the year.
Annual inflation remains elevated as consumers feel the ongoing pinch from price rises at the checkout, but that is unlikely to force the RBNZ’s hand this week.
Statistics NZ data today showed food prices rose 4.6% in the 12 months to January, up from 4% in the 12 months to December.
Higher grocery
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