New Zealand Inflation Accelerates More Than Expected to 2.5%

New Zealand Inflation Accelerates More Than Expected to 2.5%

(Bloomberg) — New Zealand’s annual inflation accelerated for the first time in almost three years, while still remaining within the Reserve Bank’s target band, suggesting policymakers can press ahead with further easing to support the economy.

Rates push inflation up

Stats NZ reports: Local authority rates and payments increased 12.2 percent in the 12 months to the March 2025 quarter (14 percent contribution to the 2.5 percent increase). Rates are captured once a year in the September quarter, as this is when ratepayers see price changes set by councils. That level of increase is obscene. Tradeable inflation is a very low 0.3% annually. But non-traceable is at 4.0% and too high. To be fair this is the lowes…

Inflation data confirms real terms minimum wage cut – NZCTU

The NZCTU Te Kauae Kaimahi is concerned for low-income workers given new data released by Stats NZ that shows inflation was 2.5% for the year to March 2025, rising from 2.2% in December last year. “The prices of things that people can’t avoid are rising – meaning inflation is rising faster for those on low incomes,” said NZCTU Economist Craig Renney. “Inflation was driven by increases in rents (up 3.7%), rates (up 12%), household energy (up 7.2%…

Annual inflation rises to 2.5% in March quarter

Stats NZ says the proportion of large price increases have fallen to a five year low, even as quarterly inflation pushes higher due to petrol prices and tertiary education

RBNZ Sectoral Factor Inflation Model drops to 2.9% YoY in Q1 2025

The Reserve Bank of New Zealand (RBNZ) published its Sectoral Factor Model Inflation gauge for the first quarter of 2025, following the release of the official Consumer Price Index (CPI) by the NZ Stats early Thursday.

Inflation edges up to 2.5% as import costs rise

Reading Time: 2 minutes By Gyles Beckford of RNZ Inflation has edged higher on the back of more expensive petrol, rents, housing, and tertiary fees, but remains in the Reserve Bank’s target band and unlikely to prevent further rate cuts. Stats NZ said the consumer price index rose 0.9 percent in the three months ended March, the biggest quarterly increase since the September quarter of 2023. The annual rate rose to 2.5 percent from 2.2 percent, …