The inflation beast is back in its cave

(Image: Getty)

Thu, 23 Jan 2025

New Zealand’s December inflation data paves the way for another hefty rate cut in February, but economists expect the easing pace to slow. NZ's Consumers' Price Index (CPI) rose 2.2% in the 12 months to the December quarter, according to figures released by Stats NZ on Wednesday.The lift follows a 2.2% increase in the 12 months to the September quarter. On-quarter inflation was 0.5%.“With each release, we grow in confidence that the inflation beast is back in its cave,” KiwiBank economists said. The Reserve B...

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