The cost of insurance is still stubbornly high, according to the latest data.

Figures released by Stats NZ show that inflation is going down, but insurance prices have skyrocketed between 12 and 20 percent in the past year.

Insurance Council chief executive Tim Grafton says construction inflation and 2023's significant natural disasters are to blame for these increased costs.

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The cost of insurance is still stubbornly high, according to the latest data.
Figures released by Stats NZ show that inflation is going down, but insurance prices have skyrocketed between 12 and 20 percent in the past year.
Insurance Council chief executive Tim Grafton says construction inflation and 2023's significant natural disasters are to blame for these increased costs.
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.