20 Apr 2023

Signs of inflation slowdown

From Nine To Noon, 11:05 am on 20 April 2023
New Zealand banknotes, pen and calculator on background with rising trend green line

Photo: 123RF

The annual inflation rate has fallen back to 6.7% in the 12 months to March, down from 7.2% in the 12 months to December.

The data, released this morning by Stats NZ, is well below expectations but inflation is still at levels not seen since the 1990s.

RNZ's Business editor Gyles Beckford is with Kathryn to discuss the figures.