Inflation: it's low, but taxes and councils still adding costs to economy
Tobacco taxes, local council rates and power prices drive inflation — but it's still lower than anyone expected.
Price inflation took another tumble, with the annual consumer price index reporting only a 1% rise.
That is at the bottom of the Reserve Bank's 1-3% target band: it is also below not only the central bank's expectations but those of virtually every economist who follows the New Zealand
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Rob Hosking
Thu, 23 Oct 2014
Thu, 23 Oct 2014
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Inflation: it's low, but taxes and councils still adding costs to economy
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