Inflation idle at 2.2%, rent and rates drive price gains
A fall was expected in the December quarter, but data should not prevent another OCR cut next month.
Household rents and rates drove the price increases.
Annual inflation has stayed the same at 2.2%, despite widespread expectations of a slight decline, according to Statistics NZ data today.
The headline result in the December quarter was the same as the previous set of data for the September quarter. And while it cements inflation firmly close to the
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