New Zealand’s consumers price index increased 4.0 percent in the 12 months to the March 2024 quarter, according to figures released by Stats NZ today.
The 4.0 percent increase follows a 4.7 percent increase in the 12 months to the December 2023 quarter.
“Price increases this quarter are the smallest since June 2021. However, they remain above the Reserve Bank of New Zealand’s target range of 1 to 3 percent,” consumers prices senior manager Nicola Growden said.
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