News > New Zealand's annual inflation hits 3.3 per cent

New Zealand's annual inflation hits 3.3 per cent

New Zealand's consumers price index increased 3.3 per cent in the 12 months to the June 2024 quarter, following a 4 per cent increase in the 12 months to the March 2024 quarter, the statistics department Stats NZ said. Due to rising prices for rent, construction of new houses, and rates, housing and household utilities were the largest contributors to the annual inflation, Growden said. Prices for insurance increased 14 per cent in the 12 months to the June 2024.