NZ CPI holds at 3.1% as electricity and petrol drive inflation above RBNZ target band
NZ CPI held at 3.1% y/y in Q1, above target, with electricity and petrol driving gains. Quarterly inflation rose 0.9%, underscoring persistent price pressures and supporting expectations for a cautious RBNZ policy stance. This is January – March data, ahead of the fuel shock. Bear that in mind… Summary: Annual CPI holds at 3.1%, above

















