Video / Cameron PitneyHow much did prices rise in the June quarter? And that is where today's Consumer Price Index (CPI) comes in. It doesn't include house price inflation - which for the past few years has run far hotter than most goods and services - but it does include building costs and rental costs. The market has pencilled in 2.7 per cent for annual CPI inflation today but others think it could go higher. And a rise in petrol prices will be sharp turnaround from the 12 per cent drop we saw last June quarter".

Source: New Zealand Herald July 15, 2021 17:03 UTC