18 Oct 2022

Inflation higher than expected

From Nine To Noon, 11:05 am on 18 October 2022
graphic for WYTNK inflation explainer ONLY

Photo: RNZ / Vinay Ranchhod

Consumer prices rose 2.2  per cent in the three months ended September - driven by higher food and housing costs.

The annual rate has eased marginally to 7.2  percent from 7.3 percent, which was a 32 year high.The number was well above expectation for a quarterly rise of 1.6 percent and an annual figure of 6.6 percent.

RNZ Business Editor Gyles Beckford joins Kathryn to discuss the latest figures.