New Zealand: Inflation stable in Q4
Inflation was stable at Q3’s 7.2% in Q4. It therefore remained entrenched above the Central Bank’s 1.0%-3.0% target band. In terms of specific categories, the main contributor to Q4’s reading was housing and household utilities due to increasing prices for constructing and renting housing.
Meanwhile, consumer prices rose 1.43% from the previous quarter in Q4, coming in below Q4’s 2.15% increase.