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Hot Topic Summer features
Hot Topic Summer features
Economics
3 mins to read

Tame inflation sets scene for another rate cut

Food price inflation settled over 2024, with all eyes on quarterly data next week.

Illustration: Michael Hickmott.

Inflation has continued to settle, with the door open for another rate cut as early as next month.

Data from Statistics NZ today showed food prices rose 1.5% over the 12 months to December last year, following a 1.3% increase in the year to November.

Higher prices for grocery food, restaurant meals,

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Jonathan Mitchell Thu, 16 Jan 2025
Contact the Writer: jmitchell@nbr.co.nz
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Tame inflation sets scene for another rate cut
Economics,
107421
true