21 Apr 2022

Inflation reaches the highest in three decades

From Midday Report, 12:12 pm on 21 April 2022

Annual Inflation has hit a 30 year high.

Consumer prices increased by 1.8 percent for the three months ended March, pushing the annual rate to 6.9 percent.

That figure is the highest it's been in three decades, and reflects the rising cost of basic goods like food and fuel, and of building and rents.

RNZ's Business Editor Gyles Beckford spoke to Max Towle.