Inflation stays sky high

Stats NZ reports:

The consumers price index increased 7.2 percent annually in the September 2022 quarter, Stats NZ said today.

The 7.2 percent increase follows an annual increase of 7.3 percent in the June 2022 quarter, and an annual increase of 6.9 percent in the March 2022 quarter.

Prices are now 12.5% higher than at the last election. We have now had inflation over the 1% to 3% band since June 2021.

And this is not imported inflation. Non-tradeable inflation is at 6.6%.

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