New Zealand Inflation Climbs 2.2% On Year In Q4

(RTTNews) - Consumer prices in New Zealand were up 2.2 percent on year in the fourth quarter of 2024, Statistics New Zealand said on Wednesday.

That was unchanged from the previous quarter but was higher than expectations for 2.1 percent.

On a seasonally adjusted quarterly basis, inflation rose 0.5 percent - in line with forecasts and slowing from 0.6 percent in Q3.

Inflation for tradeable items rose 0.3 percent on quarter but fell 1.1 percent on year, while non-tradeable items climbed 0.7 percent on quarter and 4.5 percent on year.