Annual inflation has slowed down in recent months, in line with predictions from economists.

The Consumer Price Index rose 4.7 percent in the year to December, down from 5.6 percent annually to September.

It's a big fall from the 7.3 percent peak for the year to June 2022.

Infometrics principal economist Brad Olsen says it's a positive step forward, but increased rental inflation means it's not safe yet.

LISTEN ABOVE

Annual inflation has slowed down in recent months, in line with predictions from economists.
The Consumer Price Index rose 4.7 percent in the year to December, down from 5.6 percent annually to September.
It's a big fall from the 7.3 percent peak for the year to June 2022.
Infometrics principal economist Brad Olsen says it's a positive step forward, but increased rental inflation means it's not safe yet.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.