Food price increase 0.9% in January
Economy

Food price increase 0.9% in January

Food price inflation returned in January, with Stats New Zealand reporting monthly food prices increased by 0.9%.The biggest contributor to this rise was grocery food, driven by prices for boxed chocolates, two-litre milk cartons, and fresh eggs (excluding free-range eggs).Other...

Staff reporters 14 Feb 2024
Fletcher cleans house: chair resigns, CEO to retire
Property

Fletcher cleans house: chair resigns, CEO to retire

The company also took a non-cash write-down of $122m on the Australian Tradelink business.

Staff reporters 14 Feb 2024
House price index inches up in January
Property

House price index inches up in January

Sales were up compared to Jan 2023, but the Auckland market was weaker than rest of NZ.

Staff reporters 14 Feb 2024
Inflations expectations dampen in RBNZ survey
Economy

Inflations expectations dampen in RBNZ survey

Economists believe the Reserve Bank (RBNZ) will be heartened by new survey results that show business leaders and professional forecasters continue to see inflation tracking down.On average, the 38 people surveyed as a part of the RBNZ’s quarterly Survey of Expectations saw the a...

Staff reporters 13 Feb 2024