Inflation was higher than it should be, even before factoring in the full impact of the war on Iran. 

Stats NZ data shows the inflation rate remained unchanged at 3.1% in the March quarter. 

Internationally driven tradeable inflation dipped to 2.5% and the domestically driven non-tradeable rate was unchanged at 3.5%. 

The Herald's Liam Dann told Kerre Woodham these figures come before fuel rises really kicked off. 

He says it's disappointing we aren't heading into that crisis in a better position. 

LISTEN ABOVE 

Inflation was higher than it should be, even before factoring in the full impact of the war on Iran.&nbsp;
Stats NZ data shows the inflation rate remained unchanged at 3.1% in the March quarter.&nbsp;
Internationally driven tradeable inflation dipped to 2.5% and the domestically driven non-tradeable rate was unchanged at 3.5%.&nbsp;
The Herald's Liam Dann told Kerre Woodham these figures come before fuel rises really kicked off.&nbsp;
He says it's disappointing we aren't heading into that crisis in a better position.&nbsp;
LISTEN ABOVE&nbsp;

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Liam Dann: NZ Herald Business Editor on the Consumer Price Index remaining at 3.1%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fa71e1de-a937-4cbe-8f39-b43300116c7a/transcript