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Economics
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Inflation falls more than expected to 5.6%

Slim chances of a further rate hike next month.

Inflation has fallen faster than expected and dampened the chances of another rate hike next month.

Statistics New Zealand data showed inflation eased to an annual rate of 5.6% in the September quarter, much better than economists expected.

Food was the biggest driver to inflation because of rising

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Jonathan Mitchell Tue, 17 Oct 2023
Contact the Writer: jmitchell@nbr.co.nz
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Inflation falls more than expected to 5.6%
Economics,
101269
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