New Zealand’s consumers price index (CPI) increased 4.1 percent in the 12 months to the June 2026 quarter, according to figures released by Stats NZ today.
The largest upwards contributor to the annual inflation rate was petrol, up 27.5 percent.
“Higher petrol prices accounted for almost a quarter of the 4.1 percent annual increase,” prices and deflators spokesperson Nicola Growden said.
If petrol and diesel prices had not changed, the CPI would have risen 2.9 percent in the 12 months to the June 2026 quarter.
So while it doesn’t make things easier for consumers, good to know it would have been under 3% without the Iran war.
David Farrar runs Curia Market Research, a specialist opinion polling and research agency, and the popular Kiwiblog where this article was sourced. He previously worked in the Parliament for eight years, serving two National Party Prime Ministers and three Opposition Leaders
3 comments:
Willis said she’d get inflation down. She has failed. The policies of the right have failed. Willis has to go. End of.
I question some of their policies as well but explain to me how Willis should have dealt with the fuel issue?
Willis promised to deal to it last election. She said she could rein in global factors by focusing government spending here better. These were specific promises during the last campaign.
Well, well, well, look at what she has failed to accomplish. Nicky no-boats became Nicky no-jobs became Nicky no-truth. To quote the Bobs from Office Space: “what would you say you do here?”
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