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What Is The Current Inflation Rate 2024 Nz
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What Is The Current Inflation Rate 2024 Nz. 2:00pm, 14 aug 2024 read the announcement 3.3 y/y% inflation. The 6.7 percent increase follows a 7.2.
Housing and household utilities was the largest contributor to the annual inflation rate. Housing and household utilities, the largest contributor to the december 2023 quarter annual inflation rate, was mainly driven by higher prices for rent, construction, and rates.
The Inflation Rate Year Over Year Is 3.3% (Compared To 4.0% For The Previous Quarter).
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Stats Nz Figures Showed Consumer Prices Rose 0.6 Percent In The Three Months Ended March, Taking The Annual Rate Down To 4.0 Percent, The Lowest Since June 2021.
This was due to rising prices for rent, construction of new houses, and rates.
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Low, Stable Inflation Is The.
When inflation is too high, we raise the cash rate so people spend less and save more.
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