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29 Apr 2024 7:58
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  •   Home > News > Business

    Signs of divergence between domestic and international air travel inflation

    Signs of divergence between domestic and international air travel inflation


    New Stats NZ data shows a 7-point-7 percent yearly increase in domestic airfares, compared to a 2-point-8 percent drop in international airfares.

    Despite this, the price of international accommodation has increased by almost 25 percent, compared to around 6 percent for domestic accommodation.

    ASB senior economist Kim Mundy says there's still some enduring demand impacting international airfares.

    She says people still want to go overseas, which is helping to keep some of those prices elevated.

    © 2024 Newstalk ZB, NZCity

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