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

New gig for former RBNZ governor Adrian Orr
Economy

New gig for former RBNZ governor Adrian Orr

Orr abruptly quit the RBNZ last March. 

Rebecca Howard 15 Jul 2025
Services sector stuck in reverse
Economy

Services sector stuck in reverse

The combined PSI and PMI is supportive of further RBNZ rate cuts.

Rebecca Howard 14 Jul 2025
August RBNZ rate cut beckons but not a done deal
Economy

August RBNZ rate cut beckons but not a done deal

It will all come down to how the data pan out. 

Rebecca Howard 10 Jul 2025
RBNZ hits pause but keeps future rate cuts on table
Economy

RBNZ hits pause but keeps future rate cuts on table

It was the first pause since August last year when the official cash rates were at 5.5% 

Rebecca Howard 09 Jul 2025