Further to our breaking news
Further to our breaking news
16 July 2021
Annual inflation has seen its biggest increase in nearly a decade.
The Consumer Price Index for the year to June rose by 3.3 per cent.
The latest quarterly increase is 1.3 per cent, also the highest in more than ten years.
Stats NZ says the rise was driven by higher prices for new housing and fuel..
The biggest previous rise was when inflation peaked at 5.3 per cent in 2011, impacted by a GST increase.
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