Those winter staples, electricity and beer, fuelled price rises in the June quarter.
Inflation figures out this morning from Statistics New Zealand show the Consumer Price Index rose 0.6% for the June quarter, and 1.9% for the year to June 30.
That is well within the 1-3% annual inflation target band, but drill down into those figures and they tell a more disturbing story.
Food prices grew 0.9% – beer and vegetables being the main contributors. Household utilities rose 0.4% – with electricity prices, up 1.6%, being the main reason.
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