Michael Reddell: Former Reserve Bank senior economist discusses the latest inflation numbers
The Consumers Price Index (CPI) has increased 4.1% in the 12 months to the June 2026 quarter, according to figures released by Stats NZ today.
As expected, the increase can be partially contributed to the US-Iran war as the largest upwards contributor to the annual inflation rate was petrol, up 27.5%.
Finance Minister Nicola Willis is labelling annual inflation hitting its highest level in more than two years a “Trump spike”.
Former Reserve Bank senior economist Michael Reddell told Andrew Dickens that economists don't tend to look at the headline numbers but they will be digging through the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.