Beer, power, rates push up prices

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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