New Zealand CPI jumped to 32-yr high at 7.3% yoy in Q2

New Zealand CPI rose 1.7% qoq, 7.3% yoy in Q2, above expectation of 1.5% qoq, 7.1% yoy. The annual inflation accelerated from 6.9% yoy to 7.3%, a 32-year high, after 7.6% in Q2 1990. StatsNZ said, “the main driver for the 7.3 percent annual inflation to the June 2022 quarter was the housing and household […]

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