Scoop has an Ethical Paywall
Retailers Relieved As Inflation Slows
Retailers are relieved to see that inflation is slowing, Retail NZ Chief Executive Carolyn Young says.
Stats NZ’s latest Consumers Price Index increased 3.3% in the 12 months to the June 2024 quarter, down on the 4.0% increase in the 12 months to the March 2024 quarter.
“This is definitely heading in the right direction, albeit with housing and household utilities remaining at higher levels,” Ms Young says.
“We are getting nearer to the Reserve Bank’s target range for consumer inflation of 1-3%, bringing the prospect of interest rate cuts closer. We hope this will translate into a turnaround in consumer confidence and a greater willingness to support local retail businesses.”
Advertisement - scroll to continue reading
Financial Markets Authority: FMA Seeks Clarity From High Court On Use Of Eligible Investor Certificates In Wholesale Investment Sector
Scion: Scion’s Novel Internship Model Connects Talent With Industry
Financial Markets Authority: Westpac Admits To Misleading Representations That Resulted In $6.35m In Overcharges
Bill Bennett: Download Weekly - Review Of 2024
Bill Bennett: One NZ scores worldwide first as Starlink direct-to-mobile launches
Hugh Grant: How To Reduce Network Bottlenecks
