Bad News for the Reserve Bank as Inflation Tipped to Top 3%

New Zealand Inflation Hits Top of RBNZ's 1%-3% Target Band

(Bloomberg) — New Zealand inflation accelerated in the third quarter, pushing to the top of the Reserve Bank’s 1%-3% target band even as underlying price pressures recede and policy makers indicate further easing to come.

Bad news for the Reserve Bank as inflation tipped to top 3%

New data due today is expected to show annual inflation has hit the Reserve Bank’s mandated upper limit by 3% for the year to September. The quarterly...

Inflation expected to hit 15-month high

Inflation is expected to hit a 15-month high, as strong food prices, rates, power and transport costs continue to squeeze household budgets.

Inflation expected to hit 15-month high after September rise

Strong food prices, rates, and power and transport costs continue to squeeze household budgets.

Inflation rises to 3% - wages don’t

The NZCTU Te Kauae Kaimahi is concerned by new data released by Statistics New Zealand showing that the cost of living increased by 3%, more than public and private sector wage growth. “Wages are rising by less than inflation, meaning all workers, regardless of sector, are now falling behind average living costs. The Government need to go to Specsavers for its laser-like focus on the cost of living,” said NZCTU Economist Craig Renney.  “The pric…