Inflation: What's driving the surge?

Inflation: What's driving the surge?
Annual inflation hit 6.9% on Thursday, the highest rate in decades. (Image: Deposit Photos)
Andy Fyers
Inflation has hit its highest level in more than three decades at 6.9% for the 12 months to March.But underneath that headline figure are a wide range of inflation rates for different types of goods and services.The Consumers Price Index has 11 main groups which it tracks prices across.The housing and utilities, transport groups and to a lesser extent food have been the big drivers of the headline inflation rate.Transport inflation, which carries a 12% weighting in the CPI basket, is running at 14% annually.While housing and utilities, which ac...

More Economy

S&P/NZX 50 Index opens down after US strike on Iran
Economy

S&P/NZX 50 Index opens down after US strike on Iran

NZD/USD also under pressure as investors seek safe haven. 

Rebecca Howard 23 Jun 2025
Auckland's multibillion-dollar midtown moment
Economy

Auckland's multibillion-dollar midtown moment

Auckland's midtown area is the target of several multibillion-dollar investments.

Storms clouds are gathering for the economy
Economy

Storms clouds are gathering for the economy

March-quarter GDP lifted 0.8% on quarter.

Rebecca Howard 19 Jun 2025