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New Zealand Inflation Q4 2021

New Zealand: Inflation jumps to over 30-year high in Q4

Consumer prices rose 1.4% from the previous quarter in Q4, coming in below Q3’s 2.2% jump. In terms of specific categories, higher prices for housing and household utilities, recreation and culture and transport drove the quarter-on-quarter surge in prices.

Meanwhile, inflation jumped to 5.9% in Q4 from 4.9% in Q3, logging the fastest print since Q2 1990 and moving further above the Central Bank’s 1.0%-3.0% target band.

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