New RBNZ business survey signals higher inflation

Mean two-year-ahead inflation expectations increased from 2.47% to 2.54%. (Image: Getty)

Wed, 21 May 2025

The Reserve Bank of New Zealand’s maiden Tara-ā-Umanga Business expectations survey shows a lift in inflation expectations across all time horizons.Mean one-year-ahead annual inflation expectations increased from 2.25% to 2.44% in March. The prior results come from pilots carried out during the development phase of the survey.The expectations varied by industry.Businesses in construction, manufacturing, retail and other industries reported increases in one-year-ahead inflation expectations to 2.36%, 2.35%, 2.36%, and 2.53%, respectiv...

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