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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
2 mins to read

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.

Rob Hosking
Thu, 23 Oct 2014

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
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Inflation: it's low, but taxes and councils still adding costs to economy
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