Inflation remains stable at 7.2% in December quarter

Wed, 25 Jan 2023

The annual pace of inflation has remained stable in the final quarter of the year. But it still remains hot with large increases in housing, food and transport costs.The consumer price index lifted at an annual rate of 7.2% in the December quarter of 2022 – which was the same as the prior quarter – with quarterly inflation coming in at 1.4%.According to Statistics New Zealand, the largest influence on the annual rate in the December quarter was housing and household utilities, which increased by 8% due to rising prices for both cons...

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