Inflation is everywhere, here's how NZ compares

Inflation has accelerated in the second quarter of 2022 in other advanced economies, too. (Image: Deposit Photos)

Mon, 06 Jun 2022

Inflation is a worldwide problem right now, and while New Zealand's annual rate of 6.9% in the March quarter is not the worst among advanced economies, it's certainly towards the higher end.Countries in Eastern and Central Europe have the highest inflation, driven by how close they are to the Russian invasion of Ukraine, which is tightening supply on the one hand by making food and energy scarcer, and increasing demand on the other in the form of increased migrant flows as refugees from Ukraine flee west.Rates for the March quarter were...

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