Petrol, rents push June quarter inflation to 0.6%
The overall CPI remained within the Reserve Bank’s 1-3% target.
Nevil Gibson
Tue, 16 Jul 2019
The consumers price index (CPI) rose 0.6% in the June quarter in line with economists’ forecasts and boosted annual inflation from 1.5% in the March year to 1.7%.
Stats NZ said the increase was due to higher prices for petrol and rent.
Petrol prices rose 5.8% in the quarter after a 7.0%
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Nevil Gibson
Tue, 16 Jul 2019
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