The briefing
New Zealand consumer prices rose 0.7% in the September quarter and 3.7% year on year, with fuel up 19% over the year. Non-tradeable prices increased 3.3%, the slowest rate since early 2021, while intentionally influenced prices rose 4.3%, sparking debate over whether an interest rate hike is warranted.
Original headline
Petrol prices fuel inflation - so is an interest rate rise the right move?