Economy

Fuel and rent prices push inflation up

Consumer inflation increased on the back of higher petrol prices and rents in the past three months, but a gloomy economic outlook is likely to lead to cuts in interest rates possibly as soon as next month.

The Consumer Price Index (CPI) rose 0.6 percent in the three months to June, compared with 0.1 percent in the previous quarter.

TO READ THE FULL STORY ON NEWSROOM PRO

SUBSCRIBE TO PRO

Subscribe now to start a free trial of Newsroom Pro for 28 days.

View our subscription options

Comments

Newsroom does not allow comments directly on this website. We invite all readers who wish to discuss a story or leave a comment to visit us on Twitter or Facebook. We also welcome your news tips and feedback via email: contact@newsroom.co.nz. Thank you.

With thanks to our partners