Inflation surprises below expectations at 6.7%
Most analysts had thought inflation would remain above 7%.
Illustration: Michael Hickmott.
Jonathan Mitchell
Thu, 20 Apr 2023
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Long reads
Inflation has surprised by coming in below expectations, falling in the year to March to 6.7%, according to data from Stats NZ.
The consumers price index fell from 7.2% in the December and September quarters, with most analysts expecting inflation to remain above 7% this time around.
Food prices
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Jonathan Mitchell
Thu, 20 Apr 2023
Contact the Writer: jmitchell@nbr.co.nz
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