Inflation up 2.7% in June year, better than expected
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Inflation up 2.7% in June year, better than expected
The consumers price index (CPI) increased 2.7% in the 12 months to the June 2025 quarter, according to figures released by Stats NZ today.
The 2.7% increase follows a 2.5% annual increase in the 12 months to the March 2025 quarter.
'Although the annual inflation rate increased from the March 2025 quarter, it remains within the Reserve Bank of New Zealand's target band of 1 to 3% – the fourth consecutive quarter it has done so,' prices and deflators spokesperson Nicola Growden said.
Economists had forecast a rise of 2.8 or 2.9%.
Lower petrol prices helped mitigate rises in other areas such as food.
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