Inflation rises to 3.1%, above Reserve Bank’s target rate

Source: Radio New Zealand

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Stats NZ data shows annual inflation was at 3.1 percent in the three months ended December, following a 3 percent increase in the September quarter.

That means headline inflation is now above the Reserve Bank’s 1-3 percent target band.

More to come…

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand