Inflation remains stubborn at 7.2% in December: Stats NZ
Latest data reinforces need for further OCR hike next month to kick inflation to curb.
Illustration: Michael Hickmott.
Inflation remained stuck in the year to December at 7.2%, according to data out today from Stats NZ.
The consumers price index did not move from the September result and was a smidge below the 7.3% recorded in June.
The RBNZ’s November Monetary Policy Statement had expected inflation to rise to
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