Inflation remains stubborn at 7.2%
Economists miss the mark as latest Stats NZ figures show inflation remains near historic highs.
Graphic: Michael Hickmott.
Jonathan Mitchell
Tue, 18 Oct 2022
Inflation remains at historic highs – hitting an annual rate of 7.2% in the year to September.
Stats NZ data showed the main drivers were rising costs of construction, rents, and local rates.
It was above market expectations and below the 32-year-high 7.3% recorded in the year ended June, while
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Jonathan Mitchell
Tue, 18 Oct 2022
Contact the Writer: jmitchell@nbr.co.nz
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