Finance Minister Grant Robertson believes inflation is now past its peak.

Stats NZ figures show consumer prices have risen 7.2 percent in the year to December, the same increase recorded in the year to September.

The price of housing, household utilities and food are driving the historically high inflation rate.

But Robertson told Tim Dower with prices increasing 1.4 percent in the December quarter, compared to 2.2 percent in the previous quarter, things are trending in the right direction.

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Finance Minister Grant Robertson believes inflation is now past its peak.
Stats NZ figures show consumer prices have risen 7.2 percent in the year to December, the same increase recorded in the year to September.
The price of housing, household utilities and food are driving the historically high inflation rate.
But Robertson told Tim Dower with prices increasing 1.4 percent in the December quarter, compared to 2.2 percent in the previous quarter, things are trending in the right direction.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.