Could we see another rate hike? Maybe

Could we see another rate hike? Maybe
Food and other price increases are still driving inflation. (Image: Getty)
Rebecca Howard
The headline number may have been better, but some economists say “sticky” domestic inflation may mean another rate hike is on the horizon. Consumer prices rose 1.1% in the June quarter, with annual inflation easing to 6.0%, down from 6.7% in the prior quarter. That was slightly below the 6.1% forecast by the Reserve Bank of New Zealand (RBNZ).However, non-tradeable inflation rose 6.6%, driven by construction, rents, and ready-to-eat food. According to Stats NZ, non-tradable inflation indicates demand and supply in the domestic...

More Economy

Independent costings needed for tough political decisions
Economy

Independent costings needed for tough political decisions

The time is now for an Independent Fiscal Institution.

Cameron Bagrie 01 Jul 2024
Brave-faced craft chocolate industry finds strength in unity
Retail

Brave-faced craft chocolate industry finds strength in unity

More than 30 boutique chocolate companies raised the bar at Chocstock.

Gregor Thompson 01 Jul 2024
Medicine working but business confidence continues to fall
Finance

Medicine working but business confidence continues to fall

Confidence in retail and construction rose, while other sectors were more downbeat.

Tom Raynel 27 Jun 2024
NZ dollar takes higher Aussie and Canadian inflation in stride
Economy

NZ dollar takes higher Aussie and Canadian inflation in stride

Inflation was higher than expected in both markets.

Rebecca Howard 27 Jun 2024