Economic Buzz: New Zealand Inflation Spike 7.3% On Year In Q2

18 Jul 2022 , 11:41 AM

Consumer prices in New Zealand jumped 7.3 percent on year in the second quarter of 2022, Statistics New Zealand reported – touching a 32-year high. On a seasonally adjusted quarterly basis, consumer prices climbed 1.6 percent – again topping forecasts for 1.5 percent but slowing from 1.8 percent in the three months prior. Unadjusted, inflation was up 1.7 percent on quarter. Powered by Commodity Insights