Annual inflation has ballooned to 3.3 per cent...higher than many expected
Annual inflation has ballooned to 3.3 per cent...higher than many expected
16 July 2021
It's the biggest Consumer Price Index increase in nearly 10 years.
Quarterly inflation for June was 1.3 per cent...also the largest rise in a decade.
NZ Herald business editor at large Liam Dann says it's being driven by a few factors -- including labour shortages and fuel prices.
He says the pandemic has mucked up shipping so you've also got extra transport costs.
© 2024 Newstalk ZB, NZCity