Inflation Reaches 3% Amid Significant Power Price Increase

The consumers price index (CPI) rose by 3% in the year leading up to the September 2025 quarter, surpassing the previous 2.7% increase for the June quarter. This inflation rate is the highest since June 2024, driven by an 11% increase in power prices and an 8.8% rise in rates, while remaining within the Reserve Bank of New Zealand’s target range of 1 to 3%.

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