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2 Nov 2024 18:04
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  •   Home > News > Business

    Inflation may be settling down, but many unavoidable costs have been rising sharply

    Inflation may be settling down, but many unavoidable costs have been rising sharply


    The inflation rate is back within the Reserve Bank's target range, for the first time in more than three years -- making more OCR cuts almost inevitable.

    Overall consumer prices have increased just 2.2 percent in the past year.

    But the Herald's Liam Dann says there's no getting around the more than-12 percent hike in rents, rates and insurance.

    He says it's tough for people paying rent, and for everyone paying rates and insurance.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Law and Order:
    Officers are speaking to the family of a child who was fatally hit by a car in a driveway in Palmerston North 17:47

    Soccer:
    Auckland FC coach Steve Corica's reminding the Phoenix of the expectation from their home fans ahead of the first all-Kiwi match-up in football's A-League 16:57

    Cricket:
    Early wickets on day two could put New Zealand in charge of the third test against India in Mumbai 16:37

    Rugby:
    All Blacks captain Scott Barrett has asked people to judge over the next three weeks if the team's supposed aura is gone 16:17

    International:
    An order for 22 tonnes of artisan cheese from a London cheesemonger proven to be an almost $600,000 fraud as investigation unfolds 16:07

    Rugby:
    A singular focus from the All Blacks as they begin the European leg of their end of year tour 15:27

    Rugby League:
    Tonga's looking to overcome the effects of a mini-break in tonight's Pacific Championships clash against New Zealand at Mt Smart 14:47

    Business:
    A plea for Kiwis to shop locally this Christmas shopping season 14:37

    International:
    Donald Trump suggests prominent critic Liz Cheney should have guns 'trained on her face' 14:17

    Soccer:
    The Wellington Phoenix have made an effort to ignore the hype around the inaugural Kiwi Derby against Auckland FC this afternoon in the capital 13:47


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