Inflation warning over record migration numbers

Arrivals in November were up more than 70,000 on the same month in 2022. (Image: NZME)

Fri, 19 Jan 2024

Net migration into New Zealand was 127,409 in the 12 months to November, StatsNZ says.That is more than 10 times the figure for the November 2022 year of 11,415, itself a reversal of a net loss of 12,620 the year before that. There were 4,637 net migrants last November, compared with 9,523 in the previous November.Westpac senior economist Michael Gordon noted that migration figures for November 2023 were softer but said they came with a significant health warning.“Net inflows remain historically high, and the accumulated effects are...

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