This is the highest since February 2020, back in the initial uncertainty of covid times... Only the economic landscape is quite different.
Are Concerns About Inflation Inflated?
Okay, the annual inflation is now running at 3.3%. In the June 2021 quarter compared with the March 2021 quarter, the New Zealand Consumer Price Index (CPI) rose 1.3%. A much stronger lift than the market expectations. So what does it mean to us?