New Zealand inflation sees the biggest rise in three decades

New Zealand recorded the rate Swelling Accumulated 6.9%, the largest increase in more than 30 years, Between April 2021 and March this year, official sources said this Thursday. The New Zealand Bureau of Statistics (CBS) has reported a 1.8% rise in the first quarter of 2022, an annual increase in the consumer price index, a measure of inflation.

Inflation, viz Less than predicted by experts -It was placed above 7 %-, mainly a strong increase in the cost of new home construction, estimated at 18% -The highest recorded since 1985 when these measurements began-. Similarly, fuel prices rose 32% in the twelve months before March 2022, indicating the largest increase since 1985, the official report said.

In a separate statement, New Zealand Finance Minister Grant Robertson said, “These are difficult times for the global economy as significant increases in food and fuel prices are affecting all countries.”New Zealand These challenges cannot be avoided and food or petrol prices cannot be controlled by the government, ”he said.

Anxiety about increase Swelling In the maritime country this month encouraged the Reserve Bank of New Zealand Raise interest rates to 1.5%.