CPI pushes up inflation rate

21.7.26 Consumer prices rose 1.5% in the June quarter, taking the annual inflation rate rise to 4.1%. The result was in line with Westpac’s forecast but slightly above the RBNZ's July assumption for 3.9% annual inflation. “However, much of that surprise is likely related to volatile items like holiday accommodation,” notes Westpac senior economist Satish […]